Mary owns 100 shares of stock. Each share entitles her to one vote per open seat on the board of directors. Assume there are three open seats in the current election and Mary casts all 300 of her votes for a single candidate. What is the term used to describe this type of voting? a. Cumulative b. Aggregate c. Proxy d. Condensed e. Straight

Mary is engaging in a unique voting style known as cumulative voting. This system allows shareholders to allocate their votes in any way they choose among the candidates. So, in this case, instead of giving one vote per seat, Mary maximizes her influence by casting all her votes for just one candidate. It’s a brilliant strategy for shareholders to rally behind their favored choices! This method of voting is particularly popular in corporate governance as it can help minority shareholders enhance their chances of electing a preferred candidate. By pooling votes for a single candidate, they stand a better chance of being represented on the board. It adds a layer of strategy to the voting process, allowing for more dynamic elections!