Shareholder Proposals on the Company Proxy Statement

question 45

Multiple Choice

Shareholder proposals on the company proxy statement

• A)will automatically become binding if approved.
• B)may only be implemented by the company if they receive support from at least a simple majority of the shareholders.
• C)historically have been rarely approved.
• D)may only address corporate-governance issues and cannot not address the shareholder's political agenda, such as saving the environment.

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Definitions:

Exclusive Federal

Pertains to areas of law and regulatory authority that are solely governed by the federal government, without state interference.

Concurrent Federal

The situation where federal laws or actions operate simultaneously with state laws or actions in the same area.

Long-Arm

Refers to statutes that allow for a court to exercise personal jurisdiction over an out-of-state defendant based on certain activities that occurred within the state.

Federal Circuit

A specialized United States appellate court that has jurisdiction over certain specific types of cases, including those involving patents and trademarks.