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Home > Terms > English, UK (UE) > Cumulative voting
Cumulative voting
A technique permitted by the laws of some states in the USA that is intended to assure minority shareholder representation on the board of directors. A shareholder is allowed to cumulate votes equal to the number of shares owned multiplied by the number of directors to be elected, and vote them all for one nominee.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Private equity
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