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A Inc has 10,000 sharesoutstanding and 11 directors. Its articles provide for cumulative voting. a. What number constitutes a quorum of shareholders? b. What number
A Inc has 10,000 sharesoutstanding and 11 directors. Its articles provide for cumulative voting.
a. What number constitutes a quorum of shareholders?
b. What number constitutes a quorum of directors?
c. If 7 directors are present at a meeting, how many must vote affirmatively to declare a dividend?
d. Jordan, a shareholder, owns 500 shares. If 11 directors are being elected, how many votes will Jordan have?
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