Jensen Shipping Has Four Open Seats on Its Board of Directors.How

question 2

Multiple Choice

Jensen Shipping has four open seats on its board of directors.How many shares will a shareholder need to control to ensure that his or her candidate is elected to the board given the fact that the firm uses straight voting? Assume one share equals one vote.

• A)20 percent of the shares plus one vote
• B)25 percent of the shares plus one vote
• C)one-third of the shares plus one vote
• D)50 percent of the shares plus one vote
• E)51 percent of the shares plus one vote

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Definitions:

Institutionalization

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African Americans

An ethnic group in the United States with partial or total ancestry from any of the black racial groups of Africa.