Jensen Shipping has four open seats on its board of directors. How many shares will a shareholder need to control to ensure that his or her candidate is elected to the board given the fact that the firm uses straight voting? Assume one share equals one vote.
A) 20 percent of the shares plus one vote
B) 25 percent of the shares plus one vote
C) 1/3 of the shares plus one vote
D) 50 percent of the shares plus one vote
E) 51 percent of the shares plus one vote
Correct Answer:
Verified
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