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Janet was an attorney hired to draft the initial paperwork for incorporation of Alpakaz, Inc. In her first meeting with the incorporators, they were unsure
Janet was an attorney hired to draft the initial paperwork for incorporation of Alpakaz, Inc. In her first meeting with the incorporators, they were unsure about whether they should allow for cumulative voting or only permit straight voting by shareholders. In a company with 100 shareholders and 10,000 shares, how many shares are required to have a controlling position (elect at least 5 of the 9 directors) under cumulative voting?
a. 10,000
b. 1,001
c. 5,001
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