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 Candid…

Question

asked Jan 18, 2020 178k views

1 Answer

Liuting · Answer 1 · 2020-01-22T12:38:55+0000

Answer:

500

Step-by-step 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.