A majority of the shareholders
wants the company to pursue a more aggressive cost-reduction strategy because it fears that low-cost competition from Asia has the potential to put the company out of business.
A. wants the company to pursue a more aggressive cost-reduction strategy because it fears that low-cost competition from Asia has the potential to put the company out of business
B. wants the company to pursue a more aggressive cost-reduction strategy because they fear that low-cost competition from Asia has the potential to put them out of business
C. fear that low-cost competition from Asia has the potential to put the company out of business and want the company to pursue a more aggressive cost-reduction strategy
D. want the company to pursue a more aggressive cost-reduction strategy because they fear that low-cost competition from Asia has the potential to put them out of business
E. want the company to pursue a more aggressive cost-reduction strategy because they fear that low-cost competition from Asia has the potential to put it out of business
We hope this finds you well.
To provide some clarity here, the construction "majority of + plural noun" can be used as a singular noun phrase, if it is the subject of the sentence; in this case, the word "majority" serves as a collective noun.
We hope this helps.