Joseph has been a large shareholder at Silk Wear Inc. for over ten years and has owned 5 percent of the company for the last three years. What conditions must be met before Joseph can nominate candidates to the board of directors?\ \ \ The majority of shareholders must vote to adopt a proxy access bylaw.\ \ \ Joseph is automatically entitled to add his nominees to the proxy statement.\ \ \ Joseph must demonstrate that his nominees are industry experts.\ \ \ Joseph must convince a court that his nominees should be allowed.