If you own 1,000 shares of common stock of a firm and there are five directors being elected, what is the maximum number of votes you can cast for a particular director under majority voting?
A)5,000
B)1,000
C)200
D)5

Question

Quizplus · Accepted Answer

Under majority voting, a shareholder can cast one vote per share owned for each director position. Therefore, with 1,000 shares, the maximum number of votes you can cast for a particular director is 1,000.

If You Own 1,000 Shares of Common Stock of a Firm