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The shareholders of the Unicorn Company need to elect 3 new directors. There are 2,000,000 shares outstanding. If there are 5 candidates for the 3
The shareholders of the Unicorn Company need to elect 3 new directors. There are 2,000,000 shares outstanding. If there are 5 candidates for the 3 board positions, how many shares do you need to be certain that you can elect at least one director under cumulative voting system?
A. | 300,001 | |
B. | 500,001 | |
C. | 200,001 | |
D. | 400,001 |
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