Coase Corp. has 10,000,000 outstanding shares. There are 11 directors on the firm's board. The Becker family owns 2,300,000 shares of Coase Corp. How many directors can the Becker family be assured of electing by themselves if Coase Corp. uses majority voting?
A) Zero
B) One
C) Two
D) Three

Question

Quizplus · Accepted Answer

With majority voting, directors are elected one at a time, each requiring more than half of the votes to be elected. The Becker family, owning 2,300,000 out of 10,000,000 shares, does not have more than 50% of the shares to guarantee electing even one director by themselves.