.DEF Bank is composed of 11 Board of Directors. The total outstanding shares are 53,255 with a par value of P100. Its authorized capital stock is 10 million, 75% are common shares. All the preference shares are subscribed of which 70% are paid. All of the outstanding shares will vote, either personally or thru proxy. All other classes of shares are deprived of the right to vote except common shares. a. How many shares are needed to elect 4 directors? b. If X wants to have control of the board how many votes will be required? c. How many independent director/s is/are necessary? If independent director/s is/are necessary what is the minimum number of shares needed?