What Is the Effect of a Corporation Using Cumulative Voting

question 64

Multiple Choice

What is the effect of a corporation using cumulative voting?

• A) Shareholders who miss a meeting can save those unused votes to be voted at a later meeting.
• B) All votes taken at a shareholders' meeting will be conducted at the end of the meeting.
• C) When several issues at a shareholders' meeting will be voted on, a shareholder can choose to abstain from voting on some issues, and save those votes for more important shareholder issues.
• D) When electing members of the board of directors, the votes may be aggregated in such a way that minority shareholders will be more likely to get at least some representation on the board.
• E) When electing members of the board of directors, the votes may not be aggregated in such a way that minority shareholders will be more likely to get at least some representation on the board.

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