An Analysis Of American Cumulative Voting System

Cumulative voting system when held by the shareholders in the election of directors of some of the total number of voting rights for shareholders held per share multiplied by the number of copies to shareholders will be after the election of Directors the number of votes, shareholders can cast all of its voting rights to a director candidate or allocated between two or more candidates for directorship. The idea of cumulative voting originally generated the political field, to address the minority party election is difficult to represent. Then, use cumulative voting in the field of Company Law broader solve difficult directors to represent their interests, prevent majority shareholders exclude the minority shareholders, to protect the interests of the minority shareholders in the company of minority shareholders in the Board of Directors.United States in the field of company in the form of cumulative voting use diverse, flexible, mainly among the various judicial precedents of the United States on a cumulative voting system. The experience of the United States in a variety of practice for the improvement of the cumulative voting system also has a reference. The paper is divided into the following sections:The first chapter is an overview of cumulative voting, explains the concept of cumulative voting system, cumulative voting system in the United States the economic, political background; analysis of the role of cumulative voting and the legislation of other countries and regions.The second chapter is a combination of case the cumulative voting system, the status of legislation in the United States, different states in the U.S. attitude toward cumulative voting, some provisions in the State Constitution, some provisions in the State of the Companies Act, while others are not any of the requirements.The third chapter is around the effectiveness of the cumulative voting system through case analysis, and cumulative voting in the exercise of the problems in the process.The fourth chapter is to introduce an overview of the cumulative voting system in China’s legislative cumulative voting system Problems and suggestions for improvement.