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Definition of Cumulative Voting

Cumulative voting is a method of voting in which voting shareholders have a number of votes that they can distribute among candidates in a multi-seat election for the board of directors. The number of votes a shareholder has is equal to the number of seats being elected multiplied by the number of votes the shareholder is entitled to cast. Voting shareholders can give all their votes to one candidate, or they can distribute them among multiple candidates. The goal of cumulative voting is to give minority shareholders a better chance of electing a board member of their choice.