Under cumulative voting rules: There are five board-of-director seats open, two of which the minority shareholders want to fill with their candidates. There are 300,000 voting shares in total. How many shares do the minority shareholders need?

Question

Quizplus · Accepted Answer

Under cumulative voting, shareholders can allocate their votes in any manner they choose. To ensure two seats, minority shareholders need more than one-third of the total votes, which is 100,001 shares.

Under Cumulative Voting Rules: There Are Five Board-Of-Director Seats Open