What exactly is the statutory voting system?

cumulative voting is related to the number of votes that can be elected, for example, a company with a total of 100 shares should elect 3 out of 10 people to be directors, and those who own 30% of the shares can have 3 * 30 = 90 votes, so you can give three of them 30 votes each, or you can give one of them 90 votes, so what is the purpose of this? Imagine that this person has 30 votes, and three of them can be given 10 votes each, or 30 votes for one person, regardless of the number of people to be elected, is there any difference between the election results and the above situation? Does the statutory voting system mean that if a person has 70% of the shares, then when he wants to elect 5 people out of 10 people, his voting result will cause all 5 people to get 70% of the votes, thus controlling the election, and cumulative voting is that he chooses 5 people to divide all his votes, which may cause him to not be able to ensure that all 5 people are his choice.

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When reading the book, this part is basically skipped, and the odds of the test are not very large, if you want to study it, give you the link.

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cumulative voting is related to the number of votes that can be elected by each **, for example, a company with a total of 100 shares of good eggplant should be elected from 3 out of 10 people as directors, and those who own 30% of the shares can have 3 * 30 = 90 votes, so you can give three of them 30 votes each, or you can give one of them 90 votes, so do this.

When you read the book, this part is basically skipped in the calendar, and the chance of taking the test is not very large, if you want Tongyin to study, Sun Sou gave you the link.

Hello classmates, I'm glad to answer for you!

cumulative

The translation and meaning of this word is as follows: the voting procedure of the directors of the company, the voting rights of each shareholder are equal to one vote per share multiplied by the number of directors to be elected. This method is sometimes referred to as proportional voting.

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Cumulative voting. The cumulative voting system refers to a voting system in which each share held by shareholders has the same voting rights as the total number of directors to be elected when two or more directors are elected at the general meeting of shareholders.