The cumulative method of voting means that each shareholder is entitled to multiply the number of shares he or she owns by the number of directors to be elected and cast the product for a single candidate or distribute the product among two (2)or more candidates.

Question

Quizplus · Accepted Answer

This statement is true. The cumulative method of voting allows shareholders to multiply their number of shares by the number of directors to be elected and cast the product for a single candidate or distribute it among two or more candidates. This gives shareholders with a significant number of shares more influence in the election of directors.

The Cumulative Method of Voting Means That Each Shareholder Is