Which of the Following Statements Is FALSE

question 13

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:

Warsaw

The capital and largest city of Poland, known for its historical significance and vibrant culture.

Red Army

Originally the army and air force of the Russian Soviet Federative Socialist Republic, it became known for its role in defeating Nazi Germany in World War II.

Nazi Death Camp

Places where millions of Jews and other victims were systematically exterminated by the Nazis during World War II.

Harry S. Truman

The 33rd President of the United States, known for his decision to use atomic bombs against Japan in WWII and initiating the Marshall Plan to rebuild Europe.