There are 3 directors seats up for election.If you own 1,000 shares and you can cast 3,000 votes for a particular director,this is illustrative of:
A)cumulative voting.
B)absolute priority voting.
C)sequential voting.
D)straight voting.
E)None of the above.

Question

Quizplus · Accepted Answer

This is an example of cumulative voting where a shareholder can distribute their votes among the candidates in any way they choose, including giving all their votes to one candidate. In this case, the shareholder can allocate their 3,000 votes to a single director candidate, allowing them to have a higher chance of being elected.

There Are 3 Directors Seats Up for Election