Cumulative Voting: In the US (Declining), in China (Rising) and the EU (Not-Adopted)

  title={Cumulative Voting: In the US (Declining), in China (Rising) and the EU (Not-Adopted)},
  author={Wenjia Yan},
  journal={European Company and Financial Law Review},
  pages={109 - 79}
Cumulative voting, designed for minority shareholders’ protection in public listed corporations, has been officially adopted by the Chinese legislation in 2005, while this system has at the same time declined in the US due to its misuse regarding hostile takeover and some alternative systems such as independent directors. Lawmakers in continental Europe have taken various steps to increase minority shareholders’ powers vis-a-vis those of managers and dominant shareholders by strengthening the… CONTINUE READING