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.
NASDAQ: CIVB) said its shareholders have voted to approve proposals to eliminate pre-emptive rights and cumulative voting
at a special meeting of shareholders.
It was a cumulative voting
system: 15 board members to be elected by all ratepayers, all with 15 votes that they could distribute however they wished, including 'plumping' all on one candidate, should they choose.
Sebi's paper proposed that all independent directors should be appointed by minority shareholders only and also suggested that there could be proportional or cumulative voting
while electing such directors.
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.
His group, National Popular Vote, is urging states to adopt election processes such as multi-member districts and cumulative voting
rules to protect the political franchise of all Americans.
In addition, the proposal from the shareholders asking AT&T to adopt cumulative voting
for directors was put to vote at the meeting, which was reportedly defeated by a vote of 66.
For racially polarized voting, negative preferences clarify the dynamics of racial polarization and help challenge the conventional understanding of why cumulative voting
advantages the voting interests of the racial minority.
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.
, for example, enables minority shareholders to elect some directors even against the controller's wishes, (132) Both the CGQ and the Anti-Director Rights Index treat cumulative-voting arrangements favorably.