Question
Under cumulative voting rules: There are four board-of-director seats open; 200,000 voting shares of common stock outstanding; and minority shareholders control 30% of the voting
Under cumulative voting rules: There are four board-of-director seats open; 200,000 voting shares of common stock outstanding; and minority shareholders control 30% of the voting shares. How many of directors can the minority shareholders elect?
- A. 0
- B. 1
- C. 2
- D. 3
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Management And Organisational Behaviour
Authors: Laurie Mullins
7th Edition
9780273688761
