Straight voting

Straight voting

Allows shareholder to cast all of the shareholder's votes for each candidate for the Board of Directors.

Straight Voting

The act of using all of one's shares to vote for the same way. Most of the time, a shareholder in a publicly-traded company has one vote per share. The shareholder can divide these votes at his/her/its discretion. For example, a shareholder may wish to vote for candidate A for the board of directors with 60% of shares and for candidate B with the remaining 40%. In straight voting, however, the shareholder may vote for candidate A with 100% of shares.
References in periodicals archive ?
The board of directors strongly believes that the "one share, one vote" or straight voting method of electing directors results in a more efficient board where each director represents the interests of all shareholders.
In the past, assembly members would go through a traditional process of deliberation toward a consensus in trying to reach decisions, always brushing aside straight voting as taboo.