Q627
Type of voting in which owner having half voting shares can elect board of directors is called
A.
directors voting
B.
half voting
C.
straight voting
AnswerD.
owners voting
Answer: Option C
Solution
Answer: Option C
Solution:
Type of voting in which owner having half voting shares can elect board of directors is called straight voting. Statutory voting, also known as straight voting, means that shareholders have one vote per share and that votes must be evenly divided among issues. The other shareholder voting procedure is cumulative voting, which allows votes to be weighted based on the shareholder's preference.