Chemical Mines Has 5,000 Shareholders and Is Preparing to Elect

question 28

Multiple Choice

Chemical Mines has 5,000 shareholders and is preparing to elect two new board members. You do not own enough shares to personally control the elections but are determined to oust the current leadership.Likewise,no other single shareholder owns sufficient shares to personally control the outcome of the election.Which one of the following is the most likely outcome of this situation given that some shareholders are happy with the existing management?

• A)negotiated settlement where each side is granted control over one of the open seats
• B)protracted legal battle over control of the board of directors
• C)arbitrated settlement where the arbitrator determines who will be elected to the board
• D)control of the board decided without your influence
• E)proxy fight for control of the board

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Definitions:

E-tailing

Electronic retailing or online shopping, which is the sale of goods and services through the internet.

E-procurement

Electronic procurement refers to the process of purchasing goods or services for a business using online platforms or technology.

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount to immediately generate cash.

Authenticating

The process of verifying the identity of a user or device, often as a part of securing access to systems and information.