Cumulative Voting
Cumulative voting is a rarely used program by which at the annual meeting, the holder of, say, 500 shares may cast 500 votes for each member of a 5 person board of directors, or 2500 votes for one such candidate.
Cumulative voting is a rarely used program by which at the annual meeting, the holder of, say, 500 shares may cast 500 votes for each member of a 5 person board of directors, or 2500 votes for one such candidate.