If a nine-member board of directors is being elected, how many board members can stockholders elect under the majority voting rule if there are 200,000 shares outstanding?

Question

Quizplus · Accepted Answer

Under the majority voting rule, stockholders can elect all members of the board if they hold more than 50% of the shares. Since there is no division of shares mentioned that would limit the election to a portion of the board, stockholders can elect all 9 members.

If a Nine-Member Board of Directors Is Being Elected, How