Question
Suppose a firm has 17 million shares of common stock outstanding and five candidates are up for election to four seats on the board of
| Suppose a firm has 17 million shares of common stock outstanding and five 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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School Finance And Business Management Optimizing Fiscal Facility And Human Resources
Authors: Craig A. Schilling, Daniel R. Tomal
2nd Edition
1475844026, 978-1475844023
