What allows ordinary shareholders the right to cast a number of votes equal to the number of directors being elected?

Question

Quizplus · Accepted Answer

The cumulative voting provision allows ordinary shareholders to cast a number of votes equal to the number of directors being elected, which means they can cumulate their votes and distribute it according to their preference among the different directors being elected. The majority voting provision ensures that a candidate must receive a majority of votes to be elected, but it does not necessarily give shareholders the right to cast a specific number of votes. The casting feature and the proxy method are more general terms that do not specifically refer to voting rights for directors.

What Allows Ordinary Shareholders the Right to Cast a Number