Final answer:
To propose a change the corporate name, a shareholder must get the approval from the board of directors and potentially the shareholders. The required number of votes to pass the change often represents a majority of the shares.
Step-by-step explanation:
A shareholder who wishes to propose a change in the corporate name must seek approval from the board of directors and possibly the shareholders at large, depending on the corporation's bylaws and the jurisdiction in which the company is incorporated. Typically, such a proposal would need to be presented at a shareholders' meeting and would require a majority vote to pass. In the case of The Darkroom Windowshade Company, the approval process would likely involve a gathering of the shareholders, where each share of stock represents one vote. Investors 1 and 2 combined own 38,000 shares, almost a majority, but for a definitive say in the company's management, they would need the support of at least some additional investors to surpass the 50,000 votes required for a majority.