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11 June, 23:34

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.

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  1. 12 June, 00:52
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    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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