Statutory Voting

A method of voting for members of the board of directors of a corporation. Under this method, a shareholder receives one vote for each share and may cast those votes for each of the directorships. For example, an individual owning 100 shares of stock of a corporation that is electing six directors could cast no more than 100 votes for each of six candidates. This method tends to favor the larger stockholder (vs. Cumulative Voting).

Updated on: 24/04/2023