Question
Suppose a firm has 15.4 million shares of common stock outstanding and six candidates are up for election to three seats on the board of
| Suppose a firm has 15.4 million shares of common stock outstanding and six candidates are up for election to three seats on the board of directors. |
| a. | If the firm uses cumulative voting to elect its board, what is the minimum number of shares needed to ensure election 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 to the board? |
| Minimum number of votes |
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International Finance
Authors: Keith Pilbeam
5th Edition
1350347094, 978-1350347090
