Cumulative Voting*

2015 07 01 | Category: Offshore Glossary

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Cumulative Voting*
A system of voting shares of stock used in some states in which shareholder’s total number of votes is equal to the number of shares held times the number of candidates. This gives minority shareholders more power, by allowing them to cast all of their board of director votes for a single candidate, as opposed to regular or statutory voting, in which shareholders must vote for a different candidate for each available seat.


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