Acme Corporation’s articles of incorporation require cumulative voting for the election of its directors. The board of directors of Acme Corporation consists of nine directors, each elected annually....

Acme Corporation’s articles of incorporation require cumulative voting for the election of its directors. The board of

directors of Acme Corporation consists of nine directors, each

elected annually.

a. Peter owns 24 percent of the outstanding shares of Acme

Corporation. How many directors can he elect with his

votes?

b. If Acme Corporation were to classify its board into three

classes, each consisting of three directors elected every

three years, how many directors would Peter be able to

elect?