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  • Cumulative Voting

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    joshlutoc
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    Cumulative voting allows shareholders to cast multiple votes per share for each director position. The number of votes a shareholder can cast is calculated by multiplying the number of shares held by the number of directors to be elected. For example, a shareholder with 100 shares, where 5 directors are being elected, would have 100 x 5 = 500 total votes to distribute among candidates as they choose.

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    Cumulative voting allows shareholders to cast multiple votes per share for each director position. The number of votes a shareholder can cast is calculated by multiplying the number of shares held by the number of directors to be elected. For example, a shareholder with 100 shares, where 5 directors are being elected, would have 100 x 5 = 500 total votes to distribute among candidates as they choose.

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    © All Rights Reserved
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    12 views1 page

    Cumulative Voting

    Uploaded by

    joshlutoc
    Cumulative voting allows shareholders to cast multiple votes per share for each director position. The number of votes a shareholder can cast is calculated by multiplying the number of shares held by the number of directors to be elected. For example, a shareholder with 100 shares, where 5 directors are being elected, would have 100 x 5 = 500 total votes to distribute among candidates as they choose.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    CUMULATIVE VOTING

    Multiplying the number of shares held by the


    particular stock holder by the number of
    directors to be elected.
    No. of Shares Held
    x No. of Directors to be elected
    Total Number of Votes
    Example: You are holding 100 shares; 5
    directors are to be elected; How many votes can
    you cast? 100 x 5 = 500 votes
    These 500 votes may be:
    (1) Cast to a single person only, or
    (2) Distributed to as many candidates as you
    may deem fit and proper.

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