Question
Suppose a firm has 15.3 million shares of common stock outstanding and six candidates are up for election to four seats on the board of
Suppose a firm has 15.3 million shares of common stock outstanding and six candidates are up for election to four seats on the board of directors.
| a. | If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board? |
| Minimum number of votes |
| b. | If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board? |
| Minimum number of votes |
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Cybersecurity In Finance
Authors: Sylvain Bouyon, Simon Krause
1st Edition
1786612178, 9781786612175
