If a ten-member board of directors is being selected, how many board members can stockholders elect under the majority voting rule if that group owns 60% of the voting shares?

Question

Quizplus · Accepted Answer

Under the majority voting rule, a group owning more than 50% of the shares can elect all members of the board, so with 60% of the shares, stockholders can elect all 10 members.

If a Ten-Member Board of Directors Is Being Selected, How