Asked by Grace Gallagher on Jun 11, 2024
Verified
________ voting may permit minority shareholders to obtain representation on the board of directors.
A) Preference
B) Cumulative
C) Ranked
D) Straight
Cumulative Voting
A procedure for voting for a corporation’s directors that permits a shareholder to multiply the number of shares he or she owns by the number of directors to be elected and to cast the resulting total of votes for one or more directors. See also straight voting.
- Comprehend the assorted approaches to voting and how they affect shareholder's representation and dominion.
Verified Answer
MB
Manuel Baylon-PadillaJun 13, 2024
Final Answer :
B
Explanation :
Cumulative voting permits shareholders to multiply the number of their shares by the number of directors to be elected and to cast the resulting total of votes for one or more directors.As a result,cumulative voting may permit minority shareholders to obtain representation on the board of directors.
Learning Objectives
- Comprehend the assorted approaches to voting and how they affect shareholder's representation and dominion.