Ask Question
6 January, 11:45

Assume a corporation has cumulative voting and there are two directors up for election. What is the minimum number of votes a shareholder who owns 100 shares can cast for Candidate Jones if there are a total of 5 candidates?

+1
Answers (1)
  1. 6 January, 11:51
    0
    500

    Explanation:

    Cumulative voting allows a minority shareholder to cast a minimum of 100 times 5 equals 500 votes.

    This is supposed to give him as much say in the company as other shareholders as he is able to vote.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume a corporation has cumulative voting and there are two directors up for election. What is the minimum number of votes a shareholder ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers