Question
I'm in chapter 11 Corporate Management for my BUSINESS ORGANIZATIONS FOR PARALEGALS course. The questions i need help with are the following: 1. AthleticElite Inc.
I'm in chapter 11 ""Corporate Management"" for my BUSINESS ORGANIZATIONS FOR PARALEGALS course. The questions i need help with are the following:
1. AthleticElite Inc. has 20,000 shares outstanding and nine 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 five directors are present at a meeting, how many must vote affirmatively to amend the corporation's bylaws?
d. Miguel owns 1,000 shares. If nine directors are being elected, how many votes will Miguel have?
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