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The company ABC Inc. is having three shareholders as follows: - A = owner of 30 shares, class A containing the right to vote -

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The company ABC Inc. is having three shareholders as follows: - A = owner of 30 shares, class A containing the right to vote - B = owner of 35 shares, class A containing the right to vote - C = owner of 40 shares, class B containing the right to receive dividends Question A : Indicate which are the shareholders having the right to elect directors and the number of votes that they are having. (9 points) Question B: Indicate which are the responsibilities of the shareholders of the company ABC Inc. (8 points) QUESTION C: According to the articles of incorporation the cumulative vote is permitted, and the shareholders must proceed to the election of a fix number of directors= 5 directors. Indicate the necessary conditions which must be respected in order to exercise the cumulative voting and the number of votes that each shareholder has. 8 points The company ABC Inc. is having three shareholders as follows: - A = owner of 30 shares, class A containing the right to vote B = owner of 35 shares, class A containing the right to vote - C = owner of 40 shares, class B containing the right to receive dividends Question A : Indicate which are the shareholders having the right to elect directors and the number of votes that they are having. (9 points) Question B: Indicate which are the responsibilities of the shareholders of the company ABC Inc. (8 points) QUESTION C: According to the articles of incorporation the cumulative vote is permitted, and the shareholders must proceed to the election of a fix number of directors= 5 directors. Indicate the necessary conditions which must be respected in order to exercise the cumulative voting and the number of votes that each shareholder has. 8 points

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