Question
This is a computation 1. J ose Dela Cruz is a stockholder of XYZ Corporation having 10,000 shares outstanding in his name. In the election
This is a computation
1.Jose Dela Cruz is a stockholder of XYZ Corporation having 10,000 shares outstanding in his name. In the election of five directors, how much votes he could cast for his 10,000 shares?
2.Jose Dela Cruz is a member of FCPC BSA Alumni Association Inc. If the election of five trustees shall take place, how much votes could he cast in favor of the candidates?
3.Jose Dela Cruz is a stockholder of XYZ Corporation. Pedro Cruz will enter into a self-dealing contract with the said corporation for the sale of his parcels of land. If the self-dealing contract will be submitted to the stockholders for their approval or ratification, how much votes Jose Dela Cruz could cast?
4.If there are 1,000,000 outstanding common shares in ABC Corporation, how many numbers of shares is enough to vote for purposes of removal of a member of the Board of Director?
5.If the number of the Board of directors in the articles of incorporation is fifteen (15) how many directors is required to attend and vote in the election/appointment of corporate officers?
6.If the number of the board of directors in the articles of incorporation is five (5). How many of the five directors may constitute a quorum?
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