Could anyone please explain the meaning of cumulative voting. Thanks in advance
you can accumulate the number of shares in one group and use them all at once. Suppose you hold 100 shares of a company and an election for director’s seat is taking place and there are 2 nominees. Now you can accumulate your shares for a particular nominee and vote for him, i.e. you can vote using 200 shares. Had it been statutory voting you could have only voted 100 shares for each nominee. Hope it helps.
Thank you sir.