In the Event That a Shareholder Resolution Is Passed by a Majority

question 12

Multiple Choice

In the event that a shareholder resolution is passed by a majority at a company's annual general meeting (AGM) , in most cases the company is obliged to ______.

• A)take action immediately
• B)create a plan for implementation of the idea and present it to shareholders
• C)consider the proposal at its next board meeting
• D)do nothing

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Definitions:

Adoption of New Technology

The process by which individuals, businesses, or societies begin using new technological tools, systems, or products, often to improve efficiency, productivity, or quality of life.

Government Aid

Financial assistance or other resources provided by the government to individuals, organizations, or countries in need.

Profit-Making Organizations

Entities that operate with the primary goal of earning revenue in excess of their operational costs.

Private Non-Profit Agencies

Organizations that operate independently from government control, not seeking to generate profits for owners or shareholders, and often focused on serving social or community-based causes.