The voting procedure where you must control 50 percent plus one of the outstanding shares of stock to guarantee that you will win a seat on the board of directors is called ________ voting.
A)proxy
B)cumulative
C)deferred
D)straight
E)democratic

Question

Quizplus · Accepted Answer

The voting procedure described is known as a "straight" or "plurality" voting method, where the candidate with the most votes wins, regardless of whether or not they have a majority of the total shares. Proxy voting refers to the ability to have someone else vote on your behalf, while cumulative voting allows shareholders to allocate their votes among multiple candidates. Deferred and democratic voting are not commonly used terms in corporate governance.

The Voting Procedure Where You Must Control 50 Percent Plus