Final answer:
Cumulative voting allows each shareholder to vote the number of shares he or she owns on candidates for each open position in board elections, giving minority shareholders a better chance to elect someone to the board.
Step-by-step explanation:
A) Each shareholder votes the number of shares he or she owns on candidates for each of the positions open for election.
B) A majority shareholder does not always elect the entire board of directors.
C) The cumulative voting method does not always apply to elections for the board of directors.
D) A minority shareholder may have a better opportunity to elect someone to the board of directors.
Out of these options, option A is true of cumulative voting. In cumulative voting, each shareholder is allowed to allocate their votes to different candidates in proportion to the number of shares they own. This gives minority shareholders a better opportunity to elect someone to the board of directors by concentrating their votes on a single candidate or a small number of candidates, regardless of their overall percentage of ownership. Cumulative voting is a method used in corporate governance to ensure greater representation and fairness in board elections.