CUMULATIVE VOTING Meaning and
Definition
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Cumulative voting is a method used in corporate governance and voting systems that allows shareholders or participants to accumulate their votes and concentrate them on specific candidates or issues. It provides an alternative to the traditional method of voting, where each voter typically has one vote per position or issue.
In cumulative voting, the total number of votes that a voter is entitled to is determined by multiplying the number of shares they own by the number of positions available for voting. These votes can be allocated as the voter chooses, allowing for the distribution of votes across multiple candidates or concentrating them on a single candidate, giving more weight to individual preferences.
This system enables minority shareholders or participants to have a greater impact on the outcome of an election or decision-making process. By concentrating their votes, they can offset the influence of majority shareholders and ensure representation of their interests in the corporate board or other governing bodies.
Cumulative voting is often used in situations where there is a need for proportional representation or to safeguard minority rights. It promotes diversity and inclusivity by allowing for a fairer distribution of power, as it acknowledges the varied interests and preferences among stakeholders.
While cumulative voting is sometimes criticized for potentially allowing for "vote buying" or manipulation of the system, proponents argue that it fosters a more democratic and equitable approach to decision-making, promoting greater accountability and representation in corporate or organizational settings.
Common Misspellings for CUMULATIVE VOTING
- xumulative voting
- vumulative voting
- fumulative voting
- dumulative voting
- cymulative voting
- chmulative voting
- cjmulative voting
- cimulative voting
- c8mulative voting
- c7mulative voting
- cunulative voting
- cukulative voting
- cujulative voting
- cumylative voting
- cumhlative voting
- cumjlative voting
- cumilative voting
- cum8lative voting
- cum7lative voting
- cumukative voting
Etymology of CUMULATIVE VOTING
The word "cumulative" in "cumulative voting" comes from the Latin word "cumulare", which means "to pile up" or "to accumulate". In this context, it refers to the way votes can be accumulated or aggregated in a voting system. The term "cumulative voting" originated in the field of corporate governance and refers to a voting method that allows shareholders to cumulatively pool their voting power and distribute it among multiple candidates in an election. This enables shareholders to concentrate their votes on specific candidates, potentially increasing their chances of being elected to the board of directors.
Similar spelling words for CUMULATIVE VOTING
