Explanation:

Under statutory voting (also known as straight voting), shareholders have one vote per share for each director position being elected.

Key points:

• The shareholder owns 10 shares
• There are 10 directors to be elected
• Under statutory voting, the shareholder can cast up to 10 votes per share for each director position
• However, the question asks for the maximum number of votes that can be cast in favor of a single candidate

Calculation:

• Total votes available = 10 shares × 10 directors = 100 votes
• Under statutory voting, the shareholder can allocate these votes across the 10 director positions
• The maximum that can be allocated to a single candidate is 10 votes (one vote per share for that specific director position)

Why not 100?

• 100 votes would be possible under cumulative voting, where shareholders can concentrate all their votes on a single candidate
• Under statutory voting, votes must be distributed across all director positions

Why not 1?

• 1 vote would be incorrect because the shareholder has 10 shares, so they get 1 vote per share for each director position

Therefore, the correct answer is B. 10.