The Blue Marlin is owned by a group of five shareholders who all vote independently and who all want personal control over the firm. What is the minimum percentage of the outstanding shares one of these shareholders must own if he or she is to gain personal control over this firm given that the firm uses straight voting?

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Social Studies

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11 September, 13:02

The Blue Marlin is owned by a group of five shareholders who all vote independently and who all want personal control over the firm. What is the minimum percentage of the outstanding shares one of these shareholders must own if he or she is to gain personal control over this firm given that the firm uses straight voting?

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Isabell Mitchell · Answer 1

50% plus one vote

Explanation:

To oversee the firm, an investor must have over half shareholding. Since this firm uses straight casting a ballot, the quantity of votes is equivalent to the quantity of offers. Henceforth to increase individual control, an investor must have in any event 51% holding.

This will be the correct explanation for the given statement