In a Proxy Contest,what Obligation Does Management Have to the Dissenting

question 40

Multiple Choice

In a proxy contest,what obligation does management have to the dissenting group of shareholders?

• A) Management must mail the proxy solicitation materials of the dissenting group.
• B) Management must provide the dissenting group with a list of all shareholders.
• C) Management must identify the leading representative(s) of the dissenting group in management's own proxy materials.
• D) Management must either mail the proxy solicitation materials of the dissenting group, or provide the dissenting group with a list of all shareholders.
• E) Management must not provide false or misleading information about the dissenting group or the issue in controversy in its own proxy solicitation materials, but otherwise has no obligation to the dissenting group.

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Definitions:

Private Corporations

Companies owned by private individuals or entities, not traded publicly on stock exchanges, and not owned by government entities.

Public Corporations

A corporation that sells shares of stock to the public and is listed on a stock exchange.

Repayment Schedule

A timeline that specifies when and how much a borrower needs to pay back to the lender, often detailing monthly payments and interest rates.

Creditors

Individuals, businesses, or financial institutions that are owed money by a debtor, typically as a result of extending credit or lending funds.