Question textArrange the following sentence in order to properly describe the processes in theelection of directors or trusteesI. There must be presence of majority of the outstanding capital stock ormember entitled to vote, may it be in person or by representative authorized bywritten proxy.II. The election must be by ballot if requested by any voting stockholder ormember. If there is no such request, voting may be made through othermethods like raising of handsIII. Report the results to the SEC, within thirty days, the names, nationality andresidences of the elected officers and directors or trustees. Deaths andresignation must likewise be reported.IV. A meeting must be called for a purposeV. The candidate receiving highest number of votes shall be declared electedSelect one:a.IV, II, I, V, IIIb.IV, II, I, III, Vc.IV, I, III, II, Vd.IV, I, II, V, IIIQuestion17CorrectMark 1.00 out of 1.00Flag questionQuestion textThe power to declare dividends is one of theSelect one:a.
