A system in which a shareholder can accumulate all of his or her votes and vote them all for one candidate or split them among several candidates is known as the straight voting system.

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The described system is known as cumulative voting, which allows shareholders to allocate their votes in a flexible manner, concentrating them on fewer candidates if desired. Straight voting, in contrast, allocates one vote per share to each of the positions being voted on, without the option to concentrate votes on a single candidate.

A System in Which a Shareholder Can Accumulate All of His