Question

If there are 10 directors to be elected and a shareholder owns 100 shares, calculate the maximum number of votes that he or she can cast for a favorite candidate under each of the voting methods. MaximumNumber of Votes a. Majority voting b. Cumulative voting

Answer 1

a. 100 votes

b. 1,000 votes

Step-by-step explanation:

a.

Under Majority voting, the maximum number of votes which can be cast by shareholder will be 100 votes for a favorite candidate as owned 100 shares.

b.

Under Cumulative voting, the maximum number of votes can be cast by shareholder for the favorite candidate is as:

10 Candidates and owns 100 shares, so

= 10 × 100

= 1,000