Question

- Search the web... aytona State Colege My Daytiona Stae Quiz 7(1)-Principles of Fin Q eztom E connedt IN 2000 Spring 2OR FIN 2000 Fal 2018 Richard Turmer The Chp Dip Ce hos 685 500 shares of stock outsarding grns one ore er O 345,134 shares O 335 167 shares 342.751 shares O 345876 shares O337134 shares

Answer 1

How Many shares must you control to guarantee that you will be elected as a firm's board of directors if there are five open seats?

Answer: If a person needs to be selected as a board of director by straight voting method he must have a aprroval of greater than 50% of voting in favour of him.

Here there are 685,000 share which implies to 342,751 { (685,000 / 2) + 1 } number of Shares in favour him will enable that person to become one of the board of directors.