Under cumulative voting, what is the minimum number of each shareholder can elect:
Boris:
3000 shares * 1 vote per share * 5 positions to elect board of directors = 15000 votes .
Grutz:
5000 shares * 1 vote per share * 5 positions to elect board of directors = 25000 votes
Zack:
2500 shares * 1 vote per share * 5 positions to elect board of directors = 12500 votes.
Sven:
1500 shares * 1 vote per share * 5 positions to elect board of directors = 7500 votes.
Explanation :
Cumulative voting:-
Cumulative voting is a multi-voting system used by companies to promote a more proportional representation for shareholders. In cumulative voting, each shareholder is entitled to one vote per share, multiplied by the number of available director positions , with the votes being distributed in whatever proportion the shareholder prefers.
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