The Zilo Corp

question 67

Multiple Choice

The Zilo Corp.has 1,000 shareholders and is preparing to elect three new board members.You do not own enough shares to control the elections but are determined to oust the current leadership.The most likely result of this situation is a:

• A)negotiated settlement where you are granted control over one of the three open positions.
• B)legal battle for control of the firm based on your discontent as an individual shareholder.
• C)arbitrated settlement whereby you are granted control over one of the three open positions.
• D)total loss of power for you since you are a minority shareholder.
• E)proxy fight for control of the firm.

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Definitions:

American Ideals

The set of values and principles, such as liberty, democracy, and equality, which are foundational to the identity and governance of the United States.

Electoral College

A body of electors established by the United States Constitution to elect the president and vice president of the country.

Constitution

The fundamental principles and established precedents according to which a state or other organization is governed.

Ordinary Voters

Individuals without significant political influence or power who participate in elections to choose their government representatives.