You want to be on the board of directors of Uptown Communications. Since you are the only shareholder who will vote for you, you will need to own more than half of the outstanding shares of stock if you are to be elected to the board. What is the type of voting called that requires this level of stock ownership to be successfully elected?

Question

Quizplus · Accepted Answer

Straight voting, also known as non-cumulative voting, requires a shareholder to have more than half of the outstanding shares to ensure election to the board, as each share equals one vote per director position.

You Want to Be on the Board of Directors of Uptown