The voting procedure whereby shareholders may cast all of their votes for one member of the board is called _____ voting.

Question

Quizplus · Accepted Answer

Cumulative voting allows shareholders to distribute their votes as they see fit, including casting all of their votes for one board member. This gives minority shareholders a better chance of electing a candidate to the board. Straight voting, on the other hand, requires each shareholder to cast their votes for one candidate for each available board seat. Deferred voting and proxy voting are not relevant to this question. Democratic voting is a general term that does not specifically refer to a type of voting in the context of corporate governance.

The Voting Procedure Whereby Shareholders May Cast All of Their