When cumulative voting is in place, a common method to prevent minority shareholders from electing...

90.2K

Verified Solution

Question

Finance

When cumulative voting is in place, a common method to prevent minority shareholders from electing board members is to: Multiple Choice change the governance to only allow people approved by the board to run for a board seat.

set election dates during the month of August when people are on vacation.

elect all board members every five years

stagger board terms so that only a few directors are elected each year.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students