A Proxy Fight Involves a Battle by a Shareholder or Group

question 35

True/False

A proxy fight involves a battle by a shareholder or group of shareholders who seek to change the investment policy of the firm. If the proxy group is successful, current management retains control of the firm but the proxy group dictates what investments the firm makes.

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Definitions:

Varying Beliefs

Different or diverse opinions, convictions, or faiths held by individuals or groups.

Work Styles

Individual approaches and habits in how one organizes, performs, and manages work tasks.

Directive

Relating to the management or directive process in which instructions or orders are given to execute plans or tasks.

Task-Oriented

A focus on completing tasks or achieving goals, often characterized by a practical approach to problem-solving.