What is the advantage of cumulative voting?

Answer 1

The main advantage of cumulative voting is that it disperses the power to elect directors among shareholders, instead of concentrating the power in the majority shareholder. This can be helpful in a number of situations, especially when the corporation is forming and a significant (but not majority) investor wants some assurance that she will have some power over the board. Another (possible) advantage (depending on which side you're on), is that it makes it more difficult to remove directors, because a director can't be removed under cumulative voting if the votes cast against removal would have been enough to elect the director. Thus, a majority vote won't be sufficient to remove a director. This is another benefit for the minority shareholders, who may be weary about the majority's control.