System in which shareholders voting for the board of directors may not give more than one vote per share to any single nominee. see also cumulative voting, proportional representation, common-law voting.
The standard rule in most corporations that there is one vote per share in elections of the board of directors.
A means by which a stockholder is given the right to cast one vote for each share owned in favor or against each of a number of proposals or director/nominees at a formal meeting convened by the corporation.
Method of shareholder voting in which shareholders cast all their votes either for or against each individual candidate nominated for the board of directors.
A method of voting for members of the Board of Directors of a corporation. Under this method, a shareholder receives one vote for each share and may cast those votes for each of the directorships. For example: An individual owning 100 shares of stock of a corporation that is electing six directors could cast 100 votes for each of the six candidates. This method tends to favor the larger shareholders. Compare Cumulative Voting.
Method of shareholder voting in which shareholders must vote for a different candidate for each available seat, as opposed to cumulative voting that permits shareholders to cast all their votes for one candidate.
A method of voting whereby a shareholder receives one vote for each share and may cast his votes for each of the directorships. A shareholder, for example, who owns 1000 shares of a corporation that is electing three directors, can cast 1000 votes for each of the three candidates. See: Cumulative Voting; Voting Right; Voting Stock