Marcy owns 100 shares of Dee's Inc. while Teri owns 300 shares and Lucie owns 500 shares. There are 900 shares outstanding. There are currently three seats open on the board of directors. With
Cumulative voting, how many additional shares will Marcy have to buy from Teri or Lucie to
Guarantee that she will be elected to the board?

Question

Quizplus · Accepted Answer

With cumulative voting, Marcy needs more than 1/4 of the total votes to guarantee a seat. With 900 shares, she needs more than 225 votes (900/4). She currently has 100 shares, so she needs 126 more shares to reach 226 votes.

Marcy Owns 100 Shares of Dee's Inc