An Unsponsored ADR May Be Initiated Without the Approval of the Foreign

question 9

True/False

An unsponsored ADR may be initiated without the approval of the foreign firm with the underlying stock.

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Definitions:

Jurisprudence

The study or theory of law, including the principles behind legal systems and their development.

Legislation

Laws that have been enacted by a governing body or the process of making or enacting laws.

Public Policy

Government actions and decisions aimed at addressing public issues and concerns through regulations, laws, actions, and funding priorities.

Sociological Research

Sociological Research is the systematic study of social behavior, structures, and functions, often involving empirical methods to obtain data and insights about human society.