Number of Directors 15-3. Danali Corporation has 2,500,000 shares of common stock outstanding. Danali has a 15-member board, and five will leave at the end of this year. There are nine candidates for these five open seats. The minority group of stockholders controls 45 percent of the shares, and the majority group controls the other 55 percent. What is the maximum number of directors who definitely can be elected by each of the following under cumulative voting rules? a. The minority group b. The majority group > Number of Voting Shares Needed 15-4. Using the information in the previous problem, how many voting shares would be needed to elect the specified directors? a. 1 director b. 3 directors c. 5 directors