Define qualification shares.
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A share of common stock that a candidate for a company's Board of Directions (BOD) is required to own. ... Instead, it refers to the requirement that a member of the board must hold a vested interest in the operation of the enterprise in the form of company stock.
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Explanation:
A share of common stock that a candidate for a company's Board of Directions (BOD) is required to own. The term does not reflect a difference in the properties of a qualifying share compared to common shares held by other shareholders.
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