What is Cumulative Voting?

Cumulative voting is one of the voting methods of the shareholders' general meeting. The voting method that a shareholder has when deciding on a candidate for a director is equal to the product of his number of shares and the number of elected persons. Number of people. For example, if a shareholder owns 10 shares and a total of 5 directors are elected, then this shareholder has 50 votes. Each shareholder can vote on the number of shares it owns for one or several candidates. ^[1]