Question 35 (2 points) A corporation has 10,000 shares issued and outstanding. The minority shareholders hold 3,000 shares, and the majority shareholders hold the other 7,000 shares. Three members of the board are to be elected. The majority shareholders have three nominees, Wynkin, Blynkin, and Nod. The minority shareholders' nominee is Drucilla. With regular voting, the minority's nominee can be elected. If cumulative voting is allowed, the minority's nominee can be elected. With cumulative voting, the majority shareholders will be able to elect all three of their nominees. Regardless of cumulative or regular voting, the minority shareholders will not be able to elect Drucilla