Television Holdings is holding a shareholders meeting next month. Mr. Nobles is the president of the company and has the support of the existing board

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Television Holdings is holding a shareholders meeting next month. Mr. Nobles is the president of the company and has the support of the existing board of directors. All 19 members of the board are up for reelection. Mr. Herman Williams is a dissident shareholder. He controls proxies for 40,001 shares. Mr. Nobles and his friends on the board control 80,001 shares. Other shareholders, whose loyalties are unknown, will be voting the remaining 39,998 shares. The company uses cumulative voting. a. How many directors can Mr. Williams be sure of electing? (2 marks) b. How many directors can Mr. Nobles and his friends be sure of electing? (2 marks) c. How many directors could Mr. Williams elect if he obtains all the proxies for the uncommitted votes? Will he control the board? (2 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN (Mac)

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