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At Consolidated Foundaries, for a resolution to become [#permalink]
22 Oct 2005, 20:20
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At Consolidated Foundaries, for a resolution to become policy, a quorum of at least 20 directors must pass the resolution by alteast a two thirds majority. At the meeting of the board of directors, did resoultion X become policy?
A. Ten directors voted for the resolution.
B. Seven direcors voted against the resolution.
A minimum of 20 directors are required to be present.
A. 10 directors voted for the resolution. Even if a minimum of 20 directors are present, this would mean that 10 directors voted 'against' the resolution. So, 10 for and 10 against. But, the premise is that 2/3 majority (14) must be vote 'for' it to become policy. So, A itself is sufficient to tell us that resolution did not become policy.
B. Seven direcors voted against the resolution. This tells us nothing, and is hence insufficient.