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Category > Business & Finance Posted 15 Jul 2017 My Price 7.00

1. The shareholders of the Unicorn Company

1. The shareholders of the Unicorn Company need to elect seven new directors. There are

2 million shares outstanding. How many shares do you need to be certain that you can elect at least one director if

a. Unicorn has straight voting?

b. Unicorn has cumulative voting?

2. Power Inc. is going to elect six board members next month. Betty Brown owns 17.3 percent of the total shares outstanding. How confident can she be to have one of her candidate friends be elected under the cumulative voting rule? And will her friend be elected for certain if the voting procedure is changed to the staggering rule, under which shareholders vote on three board members at a time?

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Status NEW Posted 15 Jul 2017 09:07 AM My Price 7.00

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