CUMULATIVE VOTING

A system of voting in corporations to provide greater fairness for minority shareholders and enable them to have a better chance at electing a director on the board of directors. Typically a minority shareholder will be given a multiple number of votes per the amount of shares they have, e.g. a minority shareholder with 100 votes who is voting on 4 directors will be given 400 votes, all of which could be used to elect one board member.