A company is electing five directors to its board using cumulative voting, and there are 600,000 shares outstanding. If you were a shareholder who wants to be elected to the board, how many shares must you own to guarantee yourself a directorship seat on the board?

Select one:

a. 100,000

b. 100,001

c. 120,000

d. 120,001

e. 300,001

Answer rating: 100% (QA)

Number of shares Number of di... View the full answer