When a Stockholder Sends in a Proxy Statement to a Corporation

question 151

True/False

When a stockholder sends in a proxy statement to a corporation he or she owns stock in, they relinquish their voting rights to the officers of the corporation.

---

Definitions:

Directors and Officers

Individuals appointed or elected to oversee and make decisions for a corporation or organization.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing fundamental rights and freedoms to American citizens.

United States Constitution

The foundational document outlining the system of government and fundamental laws of the United States, establishing the structure of its federal system and the rights of its citizens.

Corporations' Rights

Legal rights afforded to corporations, such as the right to enter into contracts, sue and be sued, own assets, and pay taxes.