Derrick has 2, 000 shares of the Unistone Corporation which is planning to vote for two new directors.Through a special voting provision in the corporation's articles of incorporation, Derrick was able to vote for both his preferred candidates with 2, 000 shares, giving him a virtual voting count of 4, 000 shares.What voting rule in the articles of incorporation allows Derrick to achieve this?

Question

Quizplus · Accepted Answer

Cumulative voting allows shareholders to aggregate their total number of votes and allocate them as they see fit, rather than giving all their votes to a single candidate. In this case, Derrick was able to use his 2,000 shares to vote for both his preferred candidates, effectively doubling his voting power through cumulative voting.

Derrick Has 2, 000 Shares of the Unistone Corporation Which