Chemical Mines Has 5,000 Shareholders and Is Preparing to Elect

question 11

Multiple Choice

Chemical Mines has 5,000 shareholders and is preparing to elect two new board members. You do not own enough shares to personally control the elections but are determined to oust the current leadership. Likewise, no other single shareholder owns sufficient shares to personally control the outcome of the election. Which one of the following is the most likely outcome of this situation given that some shareholders are happy with the existing management?

• A) Negotiated settlement where each side is granted control over one of the open seats
• B) Protracted legal battle over control of the board of directors
• C) Arbitrated settlement where the arbitrator determines who will be elected to the board
• D) Control of the board decided without your influence
• E) Proxy fight for control of the board

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Definitions:

Portrait

An artistic representation of a person in which the face and its expression is predominant, intended to display the likeness, personality, and even the mood of the person.

Nefertiti

An ancient Egyptian queen, known for her beauty and as the royal consort of Pharaoh Akhenaten; her iconic bust is one of the most famous pieces of Egyptian art.

Hatshepsut

One of the few female pharaohs of ancient Egypt, who reigned successfully in the early 15th century BCE and expanded Egypt's trade and building projects.

Upper Egypt

The southern portion of Egypt, which stretches from Cairo to Aswan, historically known for its ancient cities and pharaonic sites.