GM shareholders nearly adopt proportional voting system
On June 7, the shareholders of General Motors nearly voted to adopt
proportional voting for future elections for the Board of Directors.
Almost 49% of shareholders supported cumulative voting over the current
winner-take-all system. The proposal for cumulative voting won
the highest percentage of the vote of any non-board-recommended
measure in GM history.A cumulative voting system would allow a minority of like-minded shareholders to elect at least one board member by concentrating their votes on a single candidate, ensuring a more accurate representation of shareholder interests in board decisions.
[Read FairVote's press release on GM’s shareholder vote]
[Read more on GM’s shareholder meeting]
[More on cumulative voting]