Business and Personal Finance Dictionary

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• CUMULATIVE VOTING
  
  With this method of voting for a corporation's board of directors, you may cast the total number of votes you're entitled to (generally one for each share of company stock you own times the number of directors to be elected) any way you choose. For example, you can either split your votes equally among the nominees, or you can cast all of them for a single candidate. Cumulative voting is designed to give individual stockholders greater influence in shaping the board than they would ordinarily have if their votes had to be spread among all the candidates, as is the case with statutory voting.
  
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