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ABCC 0 . is owned by a group of shareholders, all of whom vote independently and all of whom want personal control over the firm.
ABCC is owned by a group of shareholders, all of whom vote independently and all of whom want personal control over the firm. If straight voting is used, a shareholder:
Who owns more shares than anyone else, regardless of the number of shares owned, will control the elections.
Must either own enough shares to totally control the elections or else heshe has no control whatsoever.
Must own at least twothirds of the shares, plus one, to exercise control over the elections.
Is only permitted to elsmet one director, regardless of the number of shares owned.
Will be able to elect at least one director as long as there are at least three open positions and the shareholder owns at least plus one of the outstanding shares.
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