Q：
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What is cumulating voting?
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A：
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In a shareholders’ meeting for the election of directors, each share carries several votes equal to the number of directors to be elected. These votes can be concentrated on a single candidate or distributed among multiple candidates. The candidates with the highest number of votes will be elected as directors.
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Q：
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How is cumulative voting calculated?
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A：
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Generally, the votes are evenly distributed among all director seats. If there is a need to appoint a chairman, the votes for that individual will be higher compared to other directors.
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Q：
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Can directors and supervisors be legal entities?
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A：
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No, they must be natural person.
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Q：
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Can there be only one founder appointed?
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A：
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No, there should be at least two founders.
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Q：
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What are the benefits of preferred stock?
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A：
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The types of preferred stock and their rights and obligations must be detailed in the company’s articles of incorporation.
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FAQ
