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Unformatted text preview: Ben - 40 Carl - 40 Betty - 40 Bert - 40 What is the result with cumulative voting? Alice’s 400 shares: Alice - 100 Andy - 100 Alex - 100 Aaron - 100 Ben & Carl’s 160 shares: Ben - 160 X = Y X N 1 +1 N + 1 X = number of shares needed to elect a given number of directors Y = total number of voting shares at meeting N 1 = number of directors desired to elect N = total number of directors to be elected...
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- Spring '07
- Alice Andy Alex Aaron Ben Betty Bert Carl, CUMULATIVE VOTING Ajax, Alice Andy Alex