SIE - Securities Industry Essentials Exam
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An investor holds common stock that provides for statutory voting. When voting for board of director vacancies,the number of votes does the investor gets for each vacancy is determined by the number of
Vacant positions on the board
A
Shares owned by the shareholder
B
Proxies available
C
Directors that are present and not present at the shareholder meeting
D
Explanations
Under statutory voting, the number of shares that the shareholder owns determines the number votes for each vacancy on the board of directors.