cumulative voting
Definition
A voting system that gives minority shareholders more power, by allowing them to cast all of their board of director votes for a single candidate, as opposed to regular or statutory voting, in which shareholders must vote for a different candidate for each available seat.
Use cumulative voting in a sentence
“ There was some cumulative voting going on that day and it made everyone wonder what was going on with everyone else. ”
“ You should make sure to really break down any cumulative voting and do exactly what you promised for whoever won the vote. ”
“ The cumulative voting resulted in S. Winston being selected as the new CEO of Kites Unlimited, a children's toy company committed to local manufacturing of goods. ”
