If Shareholders Agree in Writing to Vote in a Specified

question 98

Multiple Choice

If shareholders agree in writing to vote in a specified manner for election or removal of directors, this is known as:

• A) a proxy.
• B) cumulative voting.
• C) a voting trust.
• D) a shareholder voting agreement.

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Definitions:

Ethical, Legal, Social Responsibility

The obligation of individuals and organizations to act in a manner that is morally correct, abides by the law, and benefits society.

Audit Process

A systematic examination of books, accounts, documents, and vouchers of an organization to ascertain how far the financial statements present a true and fair view.

Social Responsibility

The concept of organizations and individuals acting in a manner that considers the long-term impacts of their actions on the environment and society as a whole.

Ethics-Auditing

The process of reviewing and assessing the moral and ethical standards and practices within an organization to ensure compliance and integrity.