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Consider the following statements: Statement 1: Cumulative voting decreases the likelihood that shareholders' interests are represented on the board. Statement 2: Information concerning the confidentiality

Consider the following statements:

Statement 1: Cumulative voting decreases the likelihood that shareholders' interests are represented on the board.

Statement 2: Information concerning the confidentiality of voting rights is found in the proxy statement.

Which of the following is most likely?

A. Statement 1 is correct

B. Both statements are incorrect

C. Both statements are correct

D. Statement 2 is incorrect

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