FOUND.OF FINANCIAL MANAGEMENT-ACCESS
FOUND.OF FINANCIAL MANAGEMENT-ACCESS
17th Edition
ISBN: 9781260519969
Author: BLOCK
Publisher: MCG
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Chapter 17, Problem 3DQ
Summary Introduction

To explain: The purpose and disadvantages of cumulative voting.

Introduction:

Cumulative voting:

For the election of the directors of a company, the cumulative voting procedure is used. During this process, each voter is entitled to one vote per share, which is multiplied by the numbers of directors to be elected.

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