Gleason, inc. elects its board of directors on a staggered basis using cumulative voting. this implies that:

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Business

Shiloh Santana

26 January, 07:22

Gleason, inc. elects its board of directors on a staggered basis using cumulative voting. this implies that:

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Pintsize · Answer 1

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This implies that Gleason, inc. is electing a few directors (usually ⅓ of the board) rather than electing all directors at once. Staggered boards with cumulative rights further imply that minority shareholders can use all their voting rights to vote for a particular person/director rather than giving votes to each of the open positions.