How many votes are requried to elect one director

Assignment Help Finance Basics

Reference no: EM131338408

Blue Moon Corporation has one million shares of common stock outstanding. In a typical annual election for the board of directors, shareholders representing 70 percent of the shares outstanding exercise their right to vote. The company has nine members on its board of directors, all of whom are elected annually.

a. If the company uses a majority voting procedure to elect its board, how many votes are requried to elect
i. one director

ii. two directors

iii. a majority of the members of the board of directors

b. If the company uses a cumulative voting procedure, how many votes are required to elect
i. one director

ii. two directors

iii. a majority of the majority of the board of directors.

Reference no: EM131338408

Questions Cloud

Malpractice insurance policy : Identify and discuss two risks related to providing medical care that are covered under a malpractice insurance policy. For each risk identified, provide a specific example that may occur in a hospital setting related to the risk.

What might be the state of georgias rationale : Examine each of the following topics for one group of your choice in the LBGTQ community - Historical and current terminology, language, and labels regarding the group you have chosen. Have members of your group reclaimed any labels?

Write the equation for the angular displacement : What are the first two values of t for which the angular displacement of the pendulum is 0?

How did lincoln characterize the shift from preserving union : How did Lincoln characterize the shift from preserving the Union to destroying slavery as the best strategy for the North?How did the Emancipation Proclamation attempt to balance attacking slavery with preserving Union control over non-Confederate s..

How many votes are requried to elect one director : If the company uses a majority voting procedure to elect its board, how many votes are requried to elect one director, two directors and a majority of the members of the board of directors.

Explain the differences between management and leadership : Explain the differences between management and leadership and how cultivating leadership skills in managers can benefit organization. How managers, when applying leadership principles, can contribute to a healthy organizational culture.

Find the linear velocity in millimeters per second : Consider the tip of each hand of a clock. Find the linear velocity in millimeters per second for each hand.

Give the answer of muliple choice question : The non-Germanic peoples who invaded Europe during the 9th century and 10th century were. In response to the invasion, the Europeans organized themselves in a social and political system, which we call it. In essence, European feudalism was based on ..

What price would you recommend as ipo price for konawalski : If you believe that investors require a 20 percent rate of return on a stock of this risk, what price would you recommend as the IPO price for Konawalski?

User Account

All Pages