If you own 1,000 shares of common stock of a firm and there are five directors being elected, What is the maximum number of votes you can cast for a particular director under majority voting?
A) 5,000
B) 1,000
C) 200
D) None of the above

Question

Quizplus · Accepted Answer

Under majority voting, shareholders can cast one vote per share they own for each director being elected. Therefore, for a particular director, the maximum number of votes that can be cast is equal to the number of shares owned by the shareholder, which in this case is 1,000. So, the correct answer is B.

If You Own 1,000 Shares of Common Stock of a Firm