Votes needed to ensure election of one member to the board

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Reference no: EM131464214

Suppose a firm has 16.1 million shares of common stock outstanding and seven candidates are up for election to six seats on the board of directors.

a. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?

Minimum number of votes

b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?

Minimum number of votes

Reference no: EM131464214

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