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Vote by Rote

Mark continued, "There are two flavors of voting in the land of common stock: cumulative and statutory. Cumulative voting allows teams to join forces and pool their votes for target candidates; that is, it allows for the disaggregation of board members when voting. If a shareholder has 1% of the common shares outstanding of a company and cumulative voting is allowed, and there are five candidates being elected, that shareholder can vote effectively 5% of the total shares for any one...

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