A Proxy Fight Involves a Battle by a Shareholder or Group

question 35

True/False

A proxy fight involves a battle by a shareholder or group of shareholders who seek to change the investment policy of the firm. If the proxy group is successful, current management retains control of the firm but the proxy group dictates what investments the firm makes.

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Definitions:

Toxic

Harmful, poisonous, or potentially dangerous to organisms, often resulting from chemicals, substances, or environmental factors.

Killing Power

The effectiveness or capability of a substance or action to cause death.

Formaldehyde

A colorless, strong-smelling gas used in various manufacturing processes and as a preservative in medical laboratories.

Germicide

A substance or agent that kills germs, especially pathogenic microorganisms.