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.]

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词条贡献者

资深译员Fang，毕业于美国一流的高级翻译学院，专注翻译各种与主权及机构投资有关的法律文件。