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A firm has six empty seats to fill on its board. The total number of shares outstanding is 2,720,000 shares and Annan owns 389,733 shares.
A firm has six empty seats to fill on its board. The total number of shares outstanding is 2,720,000 shares and Annan owns 389,733 shares. Can Annan guarantee that he will get on the board, if cumulative voting method is used? A. Yes, even though the number of shares he owns is higher than the minimum number of shares needed by less than 1000 shares. B. No, even though the minimum of number of shares needed exceeds the number of shares Annan owns by less than 1000 shares. CC. Yes, the number of shares he owns is higher than the minimum number of shares needed by more than 1000 shares. CD. No, the minimum of number of shares needed exceeds the number of shares Annan owns by more than 1000 shares. A firm has six empty seats to fill on its board. The total number of shares outstanding is 2,720,000 shares and Annan owns 389,733 shares. Can Annan guarantee that he will get on the board, if cumulative voting method is used? A. Yes, even though the number of shares he owns is higher than the minimum number of shares needed by less than 1000 shares. B. No, even though the minimum of number of shares needed exceeds the number of shares Annan owns by less than 1000 shares. CC. Yes, the number of shares he owns is higher than the minimum number of shares needed by more than 1000 shares. CD. No, the minimum of number of shares needed exceeds the number of shares Annan owns by more than 1000 shares
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