What is the minimum number of shares x in order to guarantee

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Reference no: EM132735636

Suppose the ABC Company has 100 outstanding shares is about elect 9 new board of directors and you want to elect some of your friends to serve in the board. For simplicity, assume that your friend gets a seat if he/she gets the same number of votes as your opponent's candidates.

(a) If the company uses straight voting, then effectively the board seats are up for election one at a time, and the majority wins each time.

Problem (i) What is the minimum number of shares X in order to guarantee that at least one your friends is elected? Please explain why X is minimum and why it can provide the guarantee.

Problem (ii) What is the minimum number of shares X in order to guarantee that all your friends are elected? Please explain why X is minimum and why it can provide the guarantee

Reference no: EM132735636

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