Common shareholders are the owners of a company and they have a right to elect Board of Directors to make decisions for the company. A general meeting is held by the company in which every shareholder uses his/her right to vote for the selection of the directors. There are two voting methods commonly used by the companies i.e. straight voting and cumulative voting. It is generally considered that straight voting method does not protect the rights of minority shareholders whereas cumulative voting method does so. You are required to briefly discuss that how cumulative voting method protects the rights of the minority shareholders?
