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Finance Dictionary and Glossary of Investment Terms
Cumulative voting
Definition 1.
A system of voting for directors of a corporation in which shareholder's total number of votes is equal to the number of shares held times the number of candidates.
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Definition 2.
The procedure of voting for a company's directors, where each shareholder is entitled one vote per share times the number of directors to be elected. This is sometimes known as proportional voting.
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Definition 3.
A voting system that 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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