Multiple Choice
AVIX has 6.8 million shares outstanding and the firm's charter provides for a majority voting procedure.The company has seven directors up for reelection.What is the minimum number of shares needed to ensure the election of one director?
A) 850,001
B) 5,950,001
C) 3,400,001
D) none of these
Correct Answer:
Verified
Correct Answer:
Verified
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