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Big Boat Shipping has three open seats on its board of directors. The company uses straight voting and every share of stock has one vote.
Big Boat Shipping has three open seats on its board of directors. The company uses straight voting and every share of stock has one vote. How many shares must a shareholder control to ensure that his or her candidate is elected to the board?
Question 12 options:
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Only one vote is required
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51 percent of the shares plus one vote
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33.3 percent of the shares plus one vote
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25 percent of the shares plus one vote
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50 percent of the shares plus one vote
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