Answer:
1,250,000 (1.25 million)
Explanation:
Given
Common Voting Shares = 2,500,000
First, we need to understand what common voting shares is.
Common voting shares are such that the ownership interest in a company and entitle their purchasers to a portion of the profits earned.
To be able to elect a new director to the Board, only ½ or 50% of the total Common voting shares is needed.
i.e.
Minimum number of shares = 50% of 2,500,000
Minimum number of shares = 1,250,000
Hence, the minimum number of shares required to be able to elect a new director to the Board is 1,250,000
