cumulative voting

cumulative voting
cumulative voting n: a system of voting for corporate directors in which each shareholder is entitled to as many votes as he or she has shares times the number of directors to be elected compare straight voting

Merriam-Webster’s Dictionary of Law. . 1996.

cumulative voting
n.
A system of shareholder voting in which a shareholder is allowed to apply all of his or her votes to one candidate for a board of directors instead of having to cast separate votes for each office, allowing minority shareholders a chance for meaningful representation.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


cumulative voting
In corporations, a system of voting by shareholders for directors in which the shareholder can multiply his or her voting shares by the number of candidates and vote them all for one person for director. This is intended to give minority shareholders a chance to elect at least one director. For example, there are five directors to be elected and 10,000 shares issued. A shareholder with 1,000 shares could vote 5,000 for his or her candidate rather than being limited to 1,000 for each of five candidates and always being outvoted by shareholders with 1,001 or more shares.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.


cumulative voting
=>> voting.

Webster's New World Law Dictionary. . 2000.


cumulative voting
A method of election of the board of directors used by corporations whereby a stockholder may cast as many votes for directors as he or she has shares of stock, multiplied by the number of directors to be elected.
A plan used for the election of members to the lower house of the Illinois legislature by which voters, each of whom is given three votes, may cast all of the votes for one candidate or allocate them among two or three candidates.

Dictionary from West's Encyclopedia of American Law. 2005.


cumulative voting
A method of election of the board of directors used by corporations whereby a stockholder may cast as many votes for directors as he or she has shares of stock, multiplied by the number of directors to be elected.
 
A plan used for the election of members to the lower house of the Illinois legislature by which voters, each of whom is given three votes, may cast all of the votes for one candidate or allocate them among two or three candidates.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

cumulative voting
n.
   in corporations, a system of voting by shareholders for directors in which the shareholder can multiply his voting shares by the number of candidates and vote them all for one person for director. This is intended to give minority shareholders a chance to elect at least one director whom they favor. For example, there are five directors to be elected, and 10,000 shares issued, a shareholder with 1,000 shares could vote 5,000 for his candidate rather than being limited to 1,000 for each of five candidates, always outvoted by shareholders with 1,001 or more shares.

Law dictionary. . 2013.

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Look at other dictionaries:

  • cumulative voting — n. a system of voting, as in some corporate and legislative elections, in which each voter is allowed as many votes as there are offices to be filled and may freely allocate them among the candidates, even by giving all the votes to one candidate …   English World dictionary

  • Cumulative voting — Part of the Politics series Electoral methods Single winner …   Wikipedia

  • cumulative voting — Type of voting in which a stockholder may cast as many votes for directors as he has shares of stock multiplied by the number of directors to be elected. The stockholder may cast all his votes for one or more but fewer than all the directors on… …   Black's law dictionary

  • cumulative voting — Type of voting in which a stockholder may cast as many votes for directors as he has shares of stock multiplied by the number of directors to be elected. The stockholder may cast all his votes for one or more but fewer than all the directors on… …   Black's law dictionary

  • cumulative voting — A system of voting at an election whereby an elector entitled to vote for several candidates for the same office may cast more than one vote for the same candidate, distributing among the candidates, as he chooses, a number of votes equal to the… …   Ballentine's law dictionary

  • Cumulative Voting — The procedure of voting for a company s directors; each shareholder is entitled one vote per share times the number of directors to be elected. This is sometimes known as proportional voting . For example, if you owned 100 shares and there were… …   Investment dictionary

  • cumulative voting — noun A voting system based on voters awarding their allocation of points to candidates …   Wiktionary

  • Cumulative voting — A system of voting for directors of a corporation in which shareholder s total number of votes is equal to his number of shares held times the number of candidates. The New York Times Financial Glossary …   Financial and business terms

  • cumulative voting — A system of voting for directors of a corporation in which shareholder s total number of votes is equal to the number of shares held times the number of candidates. Bloomberg Financial Dictionary …   Financial and business terms

  • cumulative voting — noun a system of voting in an election in which each voter is allowed as many votes as there are candidates …   English new terms dictionary

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