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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