Cumulative Voting Makes It Possible for Minority Shareholders to Gain

question 183

True/False

Cumulative voting makes it possible for minority shareholders to gain representation on the board of directors.

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Definitions:

Consultants

Professionals who provide expert advice in a particular area or specialized field to businesses or individuals.

Credit Default Swaps

Financial swap agreements that transfer the credit exposure of fixed income products between parties.

CDS Buyer

An entity that purchases a credit default swap, obtaining protection against specific credit risks.

CDS Seller

A counterparty in a credit default swap agreement who provides credit protection, compensating the buyer in case of a debt default or other credit event.