Final answer:
False. A minority shareholder would benefit from cumulative voting to secure a seat on the board, as it allows concentration of votes, but not from staggering which makes it harder to change the board majority quickly.
Step-by-step explanation:
False. If a corporation uses cumulative voting, a minority shareholder who wants a seat on the board would not prefer staggering. Cumulative voting allows a minority shareholder to concentrate all their votes on a single candidate, increasing their chances of influencing the outcome and potentially securing a seat on the board. Staggering, or staggered board elections, typically involves dividing the board into classes where only one class is up for election each year. This can make it more difficult for minority shareholders to change a majority of seats on the board quickly because only a fraction of the board is up for election at any one time. This would, in fact, make it more challenging for a minority shareholder to gain influence. Therefore, a minority shareholder looking to gain a seat on the board would benefit from cumulative voting but not from a staggered board system.