Which of the Following Is True of a Proxy Election

question 69

Multiple Choice

Which of the following is true of a proxy election for the board of directors of a corporation?

• A) Shareholders must vote for a candidate but do not have the option to allow the proxy committee to vote the shares in any way it sees fit.
• B) A biographical sketch of each of the candidates for the board of directors is sent to all shareholders.
• C) Under the National Stock Exchange rules, the proxy committee must use a ballot form to solicit proxies.
• D) The proxy committee sends only preferred shareholders a statement of resolutions on which the shareholders are to vote.

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Definitions:

Employment

The condition of having paid work; a formal relationship between an employer and an employee.

Lateral Thinking

A problem-solving approach that involves looking at challenges from new and unconventional angles.

Creatively

In a manner that involves the use of imagination or original ideas to create something or solve problems.

Flexible Thinking

The ability to adapt thoughts and behaviors in response to changing circumstances or new information.