Cumulative voting

Definition

Also known as "accumulation voting" and "weighted voting"; a semi-proportional system of voting that gives minority shareholders the opportunity to exercise corporate power by allowing them to allocate all of their votes as they wish to one or more vacant seats on the board of directors. This method of voting usually insures that minority shareholders can elect a chosen director to the board. This is in contrast to regular or statutory voting, where shareholders must only use one vote per share to vote on each individual seat of the board up for election.

See also