Q617
Type of voting in which all directors in voting lists are voted at same time is classified as
A.
cumulative voting
AnswerB.
non-cumulative voting
C.
dual class voting
D.
limited voting
Answer: Option A
Solution
Answer: Option A
Solution:
Type of voting in which all directors in voting lists are voted at same time is classified as cumulative voting. Cumulative voting is a type of voting system that helps strengthen the ability of minority shareholders to elect a director. This method allows shareholders to cast all of their votes for a single nominee for the board of directors when the company has multiple openings on its board.