A company has four open seats on its board of directors. There are seven candidates vying for these four positions. There will be a single election to determine the winners. As the owner of 100 shares of stock, you will receive one vote per share for each open seat. You decide to cast all 400 of your votes for a single candidate. What is this type of voting called?
A) Democratic
B) Cumulative
C) Straight
D) Deferred
E) Proxy

Question

Quizplus · Accepted Answer

This type of voting is called cumulative voting, where the shareholder can allocate all of their votes to a single candidate, or split them among multiple candidates as they see fit. This allows minority shareholders to have a greater impact on the election of board members.

A Company Has Four Open Seats on Its Board of Directors