Which of the following statements is true with respect to cumulative voting?
A) Cumulative voting requires 33% of board members to be re-elected every three years.
B) Cumulative voting gives majority shareholders a better chance of being represented on the board of directors.
C) If 6 directors are to be elected and you own 100 shares,you may vote all 100 votes for one director and none for the others.
D) If 6 directors are to be elected and you own 100 shares,you may vote all 600 votes for one director and none for the others.
Correct Answer:
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