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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]