10. To remove a director, the required number of votes is: Group of answer choices 25% of members 2/3 of members ¾ of members Majority members
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10. To remove a director, the required number of votes is:
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- Corporate Voting Highway 65, Inc., is going to elect 12 board members next month. Betty Brown owns 11.6 percent of the total shares outstanding. How confident can she be of having one of her candidate friends elected under the cumulative voting rule? Will her friend be elected for certain if the voting procedure is changed to the staggering rule, under which shareholders vote on 4 board members at a time?If there are 10 directors to be elected and a shareholder owns 120 shares, calculate the maximum number of votes that he or she can cast for a favorite candidate under each of the voting methods.Given that there are 4,000,000 shares outstanding in Miller Corp., how many shares will be required for a minority group of stockholders to elect two of the nine members on the board of directors? (Assume cumulative voting is required.) A. 888,889 B. 1,090,910 C. 800,001 D. 1,000,001
- you want a seat on the board of directors of four keys, the company has 315000 shares of stock outstanding and the stock sells for 46 per share. There are currently 4 seats up for election. If the company uses cumulative voting, how many share do you need to guarantee that you will be elected to the boardNasdaq wants to require the more than 3,000 companies listed on its stock exchange to improve boardroom diversity by appointing at least one woman and at least one minority or LGBTQ+ person to their boards. If this policy is implemented, how will it affect compensation of women who are already board members? Can you tell if compensation of newly appointed female board members is likely to be higher than it currently is?You own 250 shares out of 1,500 shares outstanding. Your co-owner owns the other 1,250 shares. There are 4 directors being elected. Assuming cumulative voting, calculate the number of shares you need to own to elect at least one director to the Board.
- H5. The shareholders of the Pineapple Company need to elect seven new directors. There are 810,000 shares outstanding currently trading at $41 per share. You would like to serve on the board of directors; unfortunately, no one else will be voting for you. a. How much will it cost you to be certain that you can be elected if the company uses straight voting? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. How much will it cost you if the company uses cumulative voting? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Show proper step by step calculationSuppose a firm has 49.6 million shares of common stock outstanding and 14 candidates are up for election to 7 seats on the board of directors. If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election of 1 member to the board? (Do not round intermediate calculations. Round your answer to a whole number.)In June 2019, Tech Mart, appointed Corie Barry as the new CEO. After having just two CEOs in its firs 43 years of operations (Richard Schulze and his successor, Brad Anderson), Tech Mart went through three top leaders in a six-month period in 2012. Brian Dunn resigned in April amidst a personal scandal after just three years at the helm. At the same time, founder Schulze stepped down from his role as chairman of the board and tried to reassert his control via a bid to take the company private. Hubert Joly assumed the lead position from interim CEO George Mikan in August 2012, and he immediately sought to turnaround Tech Mart and return it to profitability. Joly picked his successor in 2019, Corie Barry, who is the fifth CEO and first female leader of Tech Mart. Joly remains as chairman and Barryhas become one of the youngest CEO of a S&P500 company. After appointing Hubert Joly as CEO in 2012, Tech Mart experienced an impressive turnaround, and itsurvived a shakeout of traditional…
- A company has employees in country A and country B. The number of employees in each group is shown in the table below. There are 48 managers to be apportioned between the two groups. Country A B Total Employees 849 3951 4800 a) Apportion the managers using Hamilton's method. b) Suppose that additional employees in country C, with the number of employees shown in the table below, are added with 7 new managers. Does the new-states paradox occur using Hamilton's method? Country A B C Total Employees 849 3951 725 5525 a) Complete the table with Hamilton's apportionment of the 48 managers to countries A and B. Country A B Total Employees 849 3951 4800 Hamilton's apportionment ? ? 48At freshman orientation, 1,500 students are asked to flip a coin 20 times. One student is crowned the winner (tossed 20 heads). This is most closely associated with A. selection bias. B. the lucky event issue. C. regret avoidance. D. overconfidence.ABC Co. needs to elect four individuals to board of directors position. ABC has 180,000 shares outstanding and the stock is currently selling for $30 . Individual A wants to serve on the board of directors. How much will it cost A (number of shares times price ) to buy a seat if the company uses straight voting? What if the firm uses cumulative voting? $2,700,030; $1,080,030 $2,640,030; $1,320,030 $2,700,030; $1,350,030 $2,640,030; 1,360,030 $2,710,030; $1,430,030
