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Postby chandniwadhwani92 » Sun Nov 02, 2014 6:29 pm

explain statutory voting with example.
For example if shareholder gas 100 share and 3 directors to b elected then in statutory how shares would be divided to elect directors.

Can he proportionately divide his share to all the 3 directors or he can elect only 1??

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Postby edupristine » Mon Nov 03, 2014 9:33 am

A corporate voting procedure in which each shareholder is entitled to one vote per share and votes must be divided evenly among the candidates or issues being voted on.

Statutory voting, sometimes known as straight voting, is one of two stockholder voting procedures and the more common option.

In statutory voting, if you owned 50 shares and were voting on six board positions, you can cast 50 votes for each board member, for a total of 300 votes.

You cannot cast 20 votes for each of five board members and 200 for the sixth.

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