## Cumulative Voting

 Author Message Cathy Junior Member Group: Forum Members Posts: 16, Visits: 1 So does this type of question represent the kind of question that will be on the final exam? CVOG Junior Member Group: Forum Members Posts: 25, Visits: 1 I have the same question. Plus, I didn't see an explanation of the formula in the textbook. Perhaps it's in the 8th or 7th edition, but not in the 9th?Here is what I can reason so far:1. 5 Million outstanding shares with 1 vote designated to every share.2. There are 11 members to be elected (out of 12 people? Is this why there is a "+1" next to the 11?)[5,000,000/(11+1)] = 416,667 votes per person (if equally distributed into a 12-way tie)3. So for a person to be elected, they would have to get at least 1 more vote than that. Hence[5,000,000/(11+1)]+1 = 416,668 (the minimum to guarantee a seat on the board) What I don't understand from the homework is if the result of the equation to be explained is the amount of shares to elect 2 members or 1 to the Board of Directors. It looks to me like it's just one.My answer would be:416,668 * 2 = 833,336Any suggestions are welcome. I'll read through the other forum topics for this assignment to see if I missed the explanation. To the NEAS: I've read the discussions between Rachel and Jacob, read the chapter in the 9th edition, and still don't see anything concrete on the question, although I still learned quite a bit regardless.Cameron pde Junior Member Group: Forum Members Posts: 9, Visits: 1 In fact, one only needs 2*(5 MM)/12 + 1 = 833,334 shares.(quick check: 833,334 * 6 = 5,000,004 > 5 MM).
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