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:

Invest

Dedicating financial resources with the objective of achieving income or profit returns.

Fund

A pool of money set aside for a specific purpose or allocated for investing in various assets.

Interest

The cost of borrowing money or the return on investment, usually expressed as a percentage of the principal.

Define

to explain the meaning of a word or phrase.