Gleason, Inc

Gleason, Inc., elects its board of directors on a staggered basis using cumulative voting.This implies that:

A) if there are two open seats, then the candidate with the highest number of votes and the candidate with the lowest number of votes will be selected.
B) the candidates for the open seats are voted for in individual elections.
C) all open positions are filled with one round of voting, assuming there are no tie votes.
D) shareholders can accumulate their votes over multiple years and cast all those votes in one election.
E) the firm's entire board of directors is elected annually in one combined election.