Question
There are two open positions on the board of directors of Flex-Y-Steel. The company has 225,000 shares of stock outstanding. Each share is entitled to
There are two open positions on the board of directors of Flex-Y-Steel. The company has 225,000 shares of stock outstanding. Each share is entitled to one vote. How many shares of stock must you own to guarantee your personal election to the board of directors if the firm uses cumulative voting?
| A. | 75,001 shares | |
| B. | 66,667 shares | |
| C. | 56,251 shares | |
| D. | 112,501 shares | |
| E. | 60,001 shares |
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Finance And Financial Markets
Authors: Keith Pilbeam
4th Edition
1137515627, 978-1137515629
