Corporate Voting Power Inc. is going to elect eight board members next month. Betty Brown owns 17.3
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Corporate Voting Power Inc. is going to elect eight board members next month. Betty Brown owns 17.3 percent of the total shares outstanding. How confident can she be of having one of her candidate friends elected under the cumulative voting rule? Will her friend be elected for certain if the voting procedure is changed to the staggering rule, under which shareholders vote on four board members at a time? LO.1
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