Question

Cathy is attending the annual general meeting of shareholders of Dorff Corporation. Six directors are going to be elected from seventeen nominees during the meeting through cumulative voting. One thousand shares will be voted. Cathy owns 300 shares of Dorff. What is the maximum number of directors she will be able to elect?

a. 1

b. 6

c. 5

d. 2

Answer 1

The correct answer is option d 2

Explanation: In cumulative voting , maximum no. of directirs , a shareholder will be able to elect is depends uopn total no. of shares owned by him, Total no. of shares voted for election and no. of positions available.

For 1,000 shares 6 positions are available , for 300 shares it wiould be

= 300*6 / 1,000

= 1.8 rounding off 2

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