The Process Whereby a Shareholder Assigns the Right to Vote

question 182

True/False

The process whereby a shareholder assigns the right to vote his or her shares of stock to another person is referred to as a proxy. In proxy fights, parties with conflicting interests solicit proxies for the purpose taking over the board of directors.

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Definitions:

Virtual Organization

A company that operates online, often relying on a network of remote workers or partners, without a physical presence or traditional office space.

Organization's Design

The deliberate process of configuring structures, processes, reward systems, and people practices to create an effective organization capable of achieving the business strategy.

Information Flow

The movement or transmission of data, knowledge, or communication within a system or between entities.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.