ABC Co. is owned by a group of shareholders, all of whom vote independently and all of whom want personal control over the firm. If straight voting is used, a shareholder:

Question

Quizplus · Accepted Answer

In straight voting, control over the election of directors is binary: a shareholder must own a majority of shares to control the outcome of the elections, as votes are allocated per share for each director position. Without a majority, the shareholder cannot ensure control over any election outcome.

ABC Co Is Owned by a Group of Shareholders, All of of Whom