Chapter 1. Q Boston Palvery has been experiencing declining eamings but has just announced a 50 percent salary mcrease for its top executives A disudent group of shareholders wants to oust the existing board of directors. There are currently II defectors and 31500 shares of dock outstanding Mr Bass, the president of the company, has the full support of the existing board. The dissident shareholders control proves for 13 001 shares Mr. Bass is worried about losing tus job a:1, Under cumulative voting procedures, how many directors can the dissident shareholders elect with the proxies they now hold? (Round down the final answer to the nearest whole number.) Number of directors a-2. How many directors could they elect under majority rule with these proxies? O One O Two O Three O Four None b. How many shares (or proxies) are needed to elect eight directors under cumulative voting? Number of shares