A company has three open seats on its board of directors. There will be a single election to determine the winner of all
Posted: Mon Nov 15, 2021 5:00 pm
A company has three open seats on its board of directors. There
will be a single election to determine the winner of all open
seats. As the owner of 50,000+(5,000x3) shares of stock, you will
receive one vote per share for each open seat. You decide to cast
all of your votes for a single candidate.
a. What is this type of voting called? What is the number of
votes you can cast?
b. With this type of voting, suppose the company has 1
million+(100,000x3) shares outstanding, how many more shares must
you buy to be assured of earning a seat on the board?
will be a single election to determine the winner of all open
seats. As the owner of 50,000+(5,000x3) shares of stock, you will
receive one vote per share for each open seat. You decide to cast
all of your votes for a single candidate.
a. What is this type of voting called? What is the number of
votes you can cast?
b. With this type of voting, suppose the company has 1
million+(100,000x3) shares outstanding, how many more shares must
you buy to be assured of earning a seat on the board?