Which of the following best describes a proxy contest?
A) Opposing factions of shareholders seek different prices for their shares.
B) Opposing factions of shareholders seek proxies, so they can vote other shareholders' shares on a matter.
C) Members of the board of directors seek the support of other board members on a matter to be voted on by the board.
D) Opposing factions of shareholders seek to influence board members to vote in a certain way on a matter before the board of directors.
E) Opposing factions of shareholders seek to influence officers to disregard the board of directors.
Correct Answer:
Verified
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Q62: The purpose of a proxy is to:
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A)
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