SIE Exam Question 526: Answer and Explanation

Question: 526

Which of the following corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on?

• A. Accumulated voting
• B. Cumulative voting
• C. Non-regulatory voting
• D. Statutory voting

Correct Answer: D

Explanation:

Statutory voting is a voting procedure in which each shareholder is entitled to one vote per share, and votes must be divided evenly among the candidates being voted on.