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A company has 5 board seats, and the 5 directors are elected by shareholders. There are 1,000 shares in the company, 700 of which are
A company has 5 board seats, and the 5 directors are elected by shareholders. There are 1,000 shares in the company, 700 of which are owned by Group A and 300 of which are owned by Group B. All shares have one vote per share. Groups A and B are running five candidates and two candidates, respectively. All 5 directors are up for election now. Shareholders can allocate their votes among the candidates however they choose (for example, all votes to one candidate). Using the following formula from page 224 of the textbook, compute the maximum number of directors that Group B can appoint to the board. 4. s--+1 2 where:"S" is the number of shares required to elect a certain number of D+1 representatives; "V" is the number of voting shares; "" is the number of positions desired on the board of directors; and "D" is the total number of directors to be elected. (a) zero (b) one (c) two (d) three
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