Which of the Following Statements About Common Stock Voting Is

question 97

Multiple Choice

Which of the following statements about common stock voting is (are) correct?
I. Majority voting typically prohibits a group of stockholders with a minority viewpoint from having any representation on the board.
II. Cumulative voting allows each share of stock to represent as many votes as there are directors to be elected.

• A) Only statement I is correct.
• B) Only statement II is correct.
• C) Both statements I and II are correct.
• D) Neither statement I nor II is correct.