Question

Assume a corporation has cumulative voting and there are two directors up for election. What is the minimum number of votes a shareholder who owns 100 shares can cast for Candidate Jones if there are a total of 5 candidates?

Answer 1

500

Step-by-step explanation:

Cumulative voting allows a minority shareholder to cast a minimum of 100 times 5 equals 500 votes.

This is supposed to give him as much say in the company as other shareholders as he is able to vote.