Miller announced that its shareholders voted to approve the proposals to eliminate pre-emptive rights and cumulative voting
at a special meeting of shareholders today.
At the AGM, the members of the Board of Directors will be elected through a cumulative voting
The new amendments to the Kyrgyz law on joint-stock companies, developed with IFC's advice, introduce mandatory cumulative voting
which allows for a more proportional representation and gives minority shareholders more power to elect board representatives.
Stockholders also voted against a shareholder proposal related to cumulative voting
, and in favor a proposal of amendment to US Airways Groups amended and restated certificate of incorporation to increase its authorized common stock from 200 million shares to 400 million shares.
The Board chose not to adopt cumulative voting
, which was the subject of a
Also, contrary to the dissident's assertions, KT&G has also fully complied with Korean laws relating to cumulative voting
in the process of selecting outside directors.
is a way, some believe, to achieve fairer minority representation.
There's cumulative voting
, in which you cast multiple votes, choosing either to divide them among different candidates or pile them all on one name.
On Saturday, May 4, 2002, cumulative voting
was used to elect three members to the school board in the Amarillo Independent School District (ISD).
More specifically, it examines the impact of the percentage of stock owned by managers, employees, and institutional investors on the level of support for three popular shareholder proposals: to repeal classified boards, to redeem or require a shareholder vote on "poison pills," and to adopt cumulative voting
(See Table 1 for description of proposals).
In 1995, the Chicago Tribune editorialized in support of cumulative voting
's return, noting that "Many partisans and political independents have looked back wistfully at the era of cumulative voting
The three types of proportional representation allowed by the McKinney bill--preference voting, cumulative voting
, and limited voting--also offer something for proponents of third parties and independent politics.