A Modification to the Corporate Charter That Requires 80% Shareholder

question 13

Multiple Choice

A modification to the corporate charter that requires 80% shareholder approval for a takeover is called a(n) :

• A) repurchase standstill provision.
• B) exclusionary self-tender.
• C) supermajority amendment.
• D) tender offer.

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Definitions:

Higher Law

A set of universal moral principles or constitutional provisions that govern and guide the laws of a nation, suggesting they supersede ordinary legislative enactments.

Corporate Benefits

Corporate benefits refer to the advantages or perks provided by a company to its employees, which may include health insurance, retirement plans, and bonuses.

Rational Ethics

A philosophical approach that uses reason and logical analysis to determine what actions are morally right or wrong.

Responsibility to Protect

A global political commitment endorsing states' obligations to protect populations from genocide, war crimes, ethnic cleansing, and crimes against humanity.