Examlex
A football coach threatens to kick a player off the team unless the player works harder. What kind of power is the football coach wielding?
Supermajority
A requirement for a high percentage of votes, typically greater than a simple majority, to approve a proposal or motion.
Defensive Tactic
Strategies employed by companies to prevent or deter unwanted takeover bids or corporate raiders.
Flip-Over Provision
This provision is a defensive strategy used by companies in their shareholder rights plans to deter hostile takeovers, allowing shareholders to buy shares of the acquirer at a discount after the takeover.
White Knight
A friendly investor or company that acquires a corporation at fair consideration, often to prevent a hostile takeover.
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