There are three seats open on the board of directors of ABC, Inc. Ann owns voting shares of ABC common stock. If ABC uses cumulative voting, the maximum number of shares that Ann can vote
For any one position is equal to:
A) The number of open seats.
B) One-third of the number of shares owned.
C) The number of shares owned.
D) Three times the number of shares owned multiplied by the number of open seats.
E) The number of seats open times the number of shares owned.
Correct Answer:
Verified
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