The voting procedure where you must own 50% plus one of the outstanding shares of stock to guarantee that you will win a seat on the board of directors is called _____ voting.

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The voting procedure described in the question is known as straight voting, where each share of stock represents one vote and a candidate must receive more than 50% of the votes to win a seat on the board. Proxy voting is when a shareholder delegates their voting rights to someone else, while cumulative voting allows shareholders to allocate their votes across multiple candidates in a way that enhances their chances of being represented on the board. Deferred and democratic voting are not commonly used terms in corporate governance.

The Voting Procedure Where You Must Own 50% Plus One