Corporate Voting
Candlebox Inc. is going to elect six board members next month. Betty Brown owns 17.4 percent of the total shares outstanding.
What percentage of istock s needed to have one of her friends elected under the cumulative voting rule? (Do not round intermediate calculations and round your final answer to 2 decimal places.
Percent of stock needed %
What percentage of stock is needed to have one of her friends elected under the staggered cumulative voting rule under which shareholders vote on two board members at a time?
Percent of stock needed %