DEFINITION of 'Cumulative Voting'
The procedure of voting for a company's directors; each shareholder is entitled one vote per share times the number of directors to be elected.
This is sometimes known as 'proportional voting'.
INVESTOPEDIA EXPLAINS 'Cumulative Voting'
For example, if you owned 100 shares and there were three directors to be elected, you would have 300 votes. This is advantageous for individual investors because they can apply all of their votes toward one person.
A social-choice paradox illustrating the impossibility of having ...
Shares that give the stockholder the right to vote on matters ...
A corporate voting procedure in which each shareholder is entitled ...
A classification of common stock that may be accompanied by more ...
A corporate structure in which a single legal entity is comprised ...
Shareholders who hold their shares directly with a company.