Asked by Diana Mitrea Stoicescu on Jul 24, 2024
Verified
When directors vote on issues affecting the corporation, ordinary matters generally require
A) a greater-than-majority vote.
B) a majority vote.
C) one vote.
D) a unanimous vote.
Greater-Than-Majority Vote
A voting requirement in decision-making processes that necessitates more than 50% of the votes to pass a motion or make a decision.
Unanimous Vote
A voting result where all participants agree on the decision or option presented without any dissent.
- Comprehend the legal and fiduciary duties of corporate directors and officers.
Verified Answer
AM
Abbey MorseJul 28, 2024
Final Answer :
B
Explanation :
Ordinary matters affecting a corporation typically require a majority vote from the directors to pass. This means that more than half of the directors voting must agree on the decision for it to be approved.
Learning Objectives
- Comprehend the legal and fiduciary duties of corporate directors and officers.
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