Cumulative voting is a method used in corporate governance and elections where shareholders or voters can allocate multiple votes to one or more candidates or options. Instead of casting one vote per share or per person, shareholders or voters can accumulate their votes and cast them all for a single candidate or distribute them among multiple candidates. This system allows minority shareholders or voters to have a greater impact on the outcome by concentrating their votes on specific candidates or issues. Cumulative voting is often used to promote diversity and representation in corporate boards, political elections, and other decision-making processes.
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This glossary post was last updated: 28th March, 2024.
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