Cumulative Voting
/ˈkjuːmjʊlətɪv ˈvoʊtɪŋ/
Definitions
- (n.) A voting system in which shareholders allocate multiple votes to one or more candidates proportionally to their share ownership to elect a board of directors, allowing minority representation.
Under cumulative voting, a shareholder with ten votes may assign all ten to a single director candidate to increase their chances of election.
Forms
- cumulative voting
Related terms
See also
Commentary
Used primarily in corporate governance to protect minority shareholders, cumulative voting permits vote concentration, contrasting with standard one-vote-per-share systems.
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