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Question
The formula for determining the minimum number of shares required to elect a desired number of directors under cumulative voting is _____ where X = number of shares needed to elect the desired number of directors, S = total number of shares voting at the shareholders' meeting, R = number of director representatives desired, and D = total number of directors to be elected at the meeting.
A. X - 1 = (S R)/(D + 1)
B. X = (S R)/(D - 1)
C. X - 1 = (S R)/(D - 1)
D. X = (S R)/(D + 1)
Answer
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