BridgetCarrillo BridgetCarrillo

22-08-2017
Mathematics

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The 120 shareholders in a corporation are voting for a new Board of Directors. Shareholders receive one vote for each share they own. Would it be possible for one shareholder's votes to choose the new Board of Directors? Explain.

Respuesta :

ahmedishaal ahmedishaal

04-09-2017

Shareholders receive one vote for each share they own.

Total shareholders in the corporation = 120

All are voting for new Board of directors.

Is it possible for one shareholder's votes to choose the new Board of Directors = ?

It is possible only when one shareholder owns more shares than the sum of shares owned by the other 120 shareholders.

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