noncumulative voting

A corporate voting system in which a shareholder is limited in board elections to voting no more than the number of shares that he or she owns for a single candidate.

• The result is that a majority shareholder will elect the entire board of directors.

— Also termed straight voting. [Cases: Corporations 283(2). C.J.S. Corporations §§ 373, 439–442.]

---

词条贡献者

译者Jeffrey，毕业于国内一流的高级翻译学院，擅长翻译各种与首次公开发行/其他股权或债务发行相关的法律文件。