What is the effect of a corporation using cumulative voting?
A) Shareholders who miss a meeting can save those unused votes to be voted at a later meeting.
B) All votes taken at a shareholders' meeting will be conducted at the end of the meeting.
C) When several issues at a shareholders' meeting will be voted on, a shareholder can choose to abstain from voting on some issues, and save those votes for more important shareholder issues.
D) When electing members of the board of directors, the votes may be aggregated in such a way that minority shareholders will be more likely to get at least some representation on the board.
E) When electing members of the board of directors, the votes may not be aggregated in such a way that minority shareholders will be more likely to get at least some representation on the board.
Correct Answer:
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