Statutory voting is a method of voting that requires the investor to cast their votes evenly for the directors they wish to elect.
Applying "Statutory Voting" to Securities Exams:
Owners of common stock are entitled to vote on the major issues relating to the corporation. One of those major issues is the election of the board of directors. Statutory voting requires that the owners vote their shares equally for the directors running that they wish to elect. An investor owning 100 shares of stock would have 100 votes for each person to be elected. If two directors are to be elected the investor would have 100 votes for each person they wanted to elect.