Mary owns 100 shares of stock. Each share entitles her to one vote per open seat on the board of directors. Assume there are 3 open seats in the current election and Mary casts all 300 of her votes for a single candidate. What is the term used to describe this type of voting?

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Quizplus · Accepted Answer

This type of voting is called cumulative voting, where a shareholder can cast all their votes for a single candidate, or distribute them among multiple candidates. Proxy voting is when a shareholder assigns their voting rights to another person or entity. Aggregate voting and condensed voting are not terms commonly used in voting procedures. Straight voting is when a shareholder can only vote for one candidate per open seat, without the option to distribute their votes among multiple candidates.

Mary Owns 100 Shares of Stock