noncumulative voting

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.

¡ª Also termed straight voting. [Cases: Corporations 283(2). C.J.S. Corporations ¡ì¡ì 373, 439¨C442.]


What is the legal equivalent of the term noncumulative voting in Chinese?
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