There are 3 directors' seats up for election.If you own 1,000 shares of stock and you can cast 3,000 votes for a particular director, this is illustrative of:
A)cumulative voting.
B)absolute priority voting.
C)sequential voting.
D)straight voting.
E)None of the above.

Question

Quizplus · Accepted Answer

This is an example of cumulative voting where shareholders are allowed to allocate their votes to a single candidate or divide them among multiple candidates. In this case, the shareholder can cast all 3,000 votes for a single candidate, giving them a higher chance of being elected to the board.

There Are 3 Directors' Seats Up for Election