If you own 1,000 shares of stock and you can cast 5,000 votes for a particular director, then the stock features
A)cumulative voting.
B)straight voting.
C)majority voting.
D)proxy voting.

Question

Quizplus · Accepted Answer

This is an example of cumulative voting, where shareholders can allocate all of their votes to a single candidate or spread them among multiple candidates, allowing for minority shareholders to have a better chance at electing a director of their choice.

If You Own 1,000 Shares of Stock and You Can