Which of the Following Statements Is False

question 10

Multiple Choice

Which of the following statements is false?

• A) Recently, shareholders have started organizing "no" votes. That is, when they are dissatisfied with a board, they simply refuse to vote to approve the slate of nominees for the board.
• B) One early study of proxy contests found that the announcement of a contest increased firm stock price by 8% on average, even if the challenge was eventually unsuccessful and the incumbents won reelection.
• C) Shareholders' only real role in governance is in electing the directors of the company.
• D) Perhaps the most extreme form of direct action that disgruntled shareholders can take is to hold a proxy contest and introduce a rival slate of directors for election to the board.

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Definitions:

Optic Disc

A small, circular area in the retina where the optic nerve connects to the eye, marking the point of exit for retinal nerve fibers.

Optic Nerve

A paired nerve that transmits visual information from the retina to the brain.

Retina

The light-sensitive layer at the back of the eye that converts light into neural signals that the brain interprets as visual images.

Pupil

The black circular opening in the center of the iris of the eye, which regulates the amount of light that enters the eye.