An Unexpected Impasse

If a corporation has four directors and two shareholders, one owning 60 shares and the other owning 40 shares, it seems obvious that the majority shareholder should be able to elect a majority of the board of directors. Actually, the obvious answer...
By: Allen Matkins Leck Gamble Mallory & Natsis

Allen Matkins Leck Gamble Mallory & Natsis