Cumulative Voting

A system of voting that allows ordinary shareholders to cast votes in any combination for the company directors being elected. There is no commitment to equally distribute the votes. For example, assuming one vote per share, 10 shares owned, and 10 directors to be elected the standard method would let the shareholder cast 10 votes for each candidate, a total of 100 votes. The cumulative method allows the 100 votes be cast for one candidate or distributed as the shareholder wishes.