in corporations, a system of voting by shareholders for directors in which the shareholder
can multiply his voting shares by the number of candidates and vote them all for
one person for director. This is intended to give minority shareholders a chance
to elect at least one director whom they favor. For example, there are five directors
to be elected, and 10,000 shares issued, a shareholder with 1,000 shares could vote
5,000 for his candidate rather than being limited to 1,000 for each of five candidates,
always outvoted by shareholders with 1,001 or more shares.
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