A Proxy Fight Is an Attempt by a Group to Gain

question 6

True/False

A proxy fight is an attempt by a group to gain control of a firm by convincing its shareholders to give the group the authority to vote with their shares in order to elect a new management team.

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Definitions:

Business Revenues

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Obtain Resources

The act of securing the assets, finances, or materials required by a business or organization to operate and achieve its objectives.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, carrying on business, and suing or being sued.

Book Publisher

A company or individual responsible for the reproduction, marketing, and distribution of books.