Definition of Cumulative voting:
Cumulative voting is the procedure followed when electing a company's directors. Typically, each shareholder is entitled to one vote per share multiplied by the number of directors to be elected. This is a process sometimes known as proportional voting. Cumulative voting is advantageous for individual investors because they can apply all of their votes to one candidate.
Cumulative voting is a voting system used by organizations that allow shareholders to vote proportionately to the number of shares they hold. This allows a shareholder with 100 shares to cast the equivalent of 100 votes toward any single issue.
A system of voting in an election in which each voter is allowed as many votes as there are candidates and may give all to one candidate or varying numbers to several.
System of voting which (unlike regular or statutory voting) allows minority stockholder (shareholders) a chance to name one or more directors to the firms board. In cumulative voting, each share has as many votes as there are vacant positions on the board, and each shareholder can apportion the shares as he or she wishes, or can cast all votes for any one of the candidates.
How to use Cumulative voting in a sentence?
- The shareholder can vote proportionally to the number of shares they hold.
- Cumulative voting is used when electing a new director or board of directors.
- The shareholder can split the votes among multiple candidates or apply them to just one candidate.
- Each shareholder typically has one vote per share, multiplied by the number of directors to be elected.
- Just giving voters cumulative voting rights (where they can get all their votes to one candidate in a multi-member district) is the easiest way to get PR.
Meaning of Cumulative voting & Cumulative voting Definition