Denver Wool Is Owned by a Group of Shareholders Who

question 22

Multiple Choice

Denver Wool is owned by a group of shareholders who all vote independently and who all want personal control over the firm.There are three open seats and Don is one of six contenders.If straight voting is utilized and Don is a current shareholder,then he:

• A)is only permitted to elect one director,regardless of the number of shares he owns.
• B)will be assured of his election if he owns at least one-sixth,plus one,of the outstanding shares.
• C)must own at least two-thirds of the shares,plus one,to exercise control over the elections.
• D)can only be assured of his election if he owns sufficient shares to control the entire election.
• E)can be assured of his election provided he owns more shares than any other single shareholder.

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