Preferred stockholders are given the right to vote for the board of directors of the corporation.

Name: Preferred stockholders are given the right to vote for the board of directors of the corporation.
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Preferred stockholders do not have the right to vote for the board of directors. That right is reserved for common stockholders. However, some types of preferred stock may include voting rights under certain circumstances.

Preferred Stockholders Are Given the Right to Vote for the Board