If cumulative voting is permitted:
A)the total number of votes a shareholder has is equal to the number of shares owned.
B)the total number of votes a shareholder has is equal to the number of shares owned times the average number of years the shareholder has owned the shares.
C)the total number of votes a shareholder has can be calculated as the number of shares owned times the number of directors to be elected.
D)the total number of votes a shareholder has is equal to the number of shares times the number of board meetings the shareholder has attended.
E)None of the above.

Question

Quizplus · Accepted Answer

In cumulative voting, a shareholder's total votes are calculated by multiplying the number of shares owned by the number of directors to be elected, allowing them to allocate votes in any manner among the candidates.

If Cumulative Voting Is Permitted