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A firm has four empty seats to fill on its board. The total number of shares outstanding is 473,000 shares and Annan owns 90,000 shares.

A firm has four empty seats to fill on its board. The total number of shares outstanding is 473,000 shares and Annan owns 90,000 shares. Can Annan guarantee that he will get on the board, if cumulative voting method is used? A. No, he doesn't have enough shares to guarantee membership on the board. B. No, he needs a minimum of 99,601 shares to guarantee membership on the board. C. Yes, he owns more than enough number of shares. D. Yes, he needs only 87,201 shares and he has more than that.

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