Peter Ltd holds 40% of the voting shares in Parker Ltd and it has the right to appoint 4 executive directors and 4 non-executive (independent) directors in Parker Ltd. Under the articles of association, the total board seatis a maximum of 14 and each director has one vote at board meetings. Flash Ltd owns 40% of the shares in Parker Ltd and Arrow Ltd owns the remaining 20% shares in Parker Ltd. What is Peter Ltd more likely to do to account for its investment in Parker Ltd? There is not enough information in the question O Peter Ltd should not consolidate Parker Ltd as it has less than majority votes O Peter Ltd should consolidate Parker Ltd because it can appoint/remove the majority of the board of directors O Peter Ltd should not consolidate Parker Ltd as it has less than majority votes and cannot appoint/remove the majority the board of directors