Some 10 board members were elected by the shareholders through the "cumulative voting
process" in accordance with the applicable rules and regulations.
QFB shareholders elected 10 board members through the cumulative voting
process in accordance with the applicable rules and regulations.
The general assembly has also agreed to apply the cumulative voting
system and amend articles 46 and 21 of the company's articles of associations.
If enough states sign onto the compact to push their cumulative voting
power to more than 270 electoral votes -- the amount required to win the presidency -- the compact will take effect in the next presidential election cycle.
It also included the first election of directors to a public company in Bahrain utilising the cumulative voting
mechanism which became mandatory for all elections of joint stock company directors after June 2018, he added.
These commitments include the following: Natus will seek shareholder approval of an amendment to its charter to declassify the Board and eliminate cumulative voting
at, or prior to, the 2019 annual meeting of its stockholders.
The justice ministry recently submitted the revision plan that includes a cumulative voting
system and multiple derivative actions.
The members have been appointed through a cumulative voting
process for a period of three years.
The New Law introduces the concept of "cumulative voting
", which is defined as each shareholder having a number of votes equal to the number of shares held by each shareholder, and which the latter may either give to one candidate or divide among multiple candidates.
Nayef Al-Hajraf, discusses key issues, topped with the effects of promoting Kuwait's stock exchange to an emerging market by the Financial Times Stock Exchange (FTSE) Russell, cumulative voting
in general assemblies and the qualifying tests for jobs that have to be registered, in cooperation with Chartered Institute for Securities & Investment (CISI).
Moreover, electing a candidate through cumulative voting
by stockholders is a difficult task,' an expert says.
A second significant modification was the move to cumulative voting
, a system that fosters consolidation of votes for better representation.