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cumulative voting |
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Cumulative Voting 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. Notes: For example, if you owned 100 shares and there are 3 directors to be elected then you would have 300 votes. This is advantageous for individual investors because they can apply all their votes towards one person. See also: Statutory Voting, Voting Shares Cumulative voting 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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| Advisers also can read proposals from the Shareholder Action Network and the IRRC's review of NYSE and Sarbanes-Oxley Act reforms, as well as use a glossary of industry terms to help explain to their clients concepts such as acceleration, binding shareholder proposal and cumulative voting. There's cumulative voting, in which you cast multiple votes, choosing either to divide them among different candidates or pile them all on one name. The Securities and Exchange Commission has told Farmer Bros it can exclude a proposal from Mitchell Partners LP that would have required the company to have a majority of independent directors and given shareholders cumulative voting rights. |
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