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Webster's New World Finance and Investment Dictionary » proportional voting
proportional voting
proportional voting definition - finance
A form of voting for members on a board of directors
in which each shareholder can give multiple votes to the same candidate. The
most well-known form of proportional voting is cumulative
voting, which allows a shareholder to multiply his or her number of
shares of stock by the number of board vacancies to get the total number of
votes he or she has. All of those votes can be given to one candidate.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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