A Proxy Fight Generally Is a Battle Between Management and a Group

question 84

True/False

A proxy fight generally is a battle between management and a group of shareholders who want to install a new management team that will operate the firm differently,or possibly break it up or sell it.Under most companies' bylaws,the dissident group must obtain 80% or more of the votes in order to prevail.

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Definitions:

Fortune 500

An annual list that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years.

CEO Positions

The highest-ranking executive roles in an organization, responsible for major corporate decisions and management.

Masculine Manner

Exhibiting qualities traditionally associated with male behavior, often emphasizing traits like strength, assertiveness, and dominance.

Leadership

The action of leading a group of people or an organization, or the ability to do this through influencing, motivating, and enabling others to contribute towards the effectiveness and success of the organizations of which they are members.