Under TARP provisions:
A) shareholder's approval on compensation packages recommended by the company's compensation committee is binding.
B) if the board disregards the shareholders vote on a recommended compensation package the board is automatically in breach of their fiduciary duties to the company and its owner.
C) the shareholders have no right to vote on compensation so their approval or disapproval of the compensations committee's recommendation is not considered.
D) shareholder's approval on compensation packages recommended by the company's compensation committee is merely advisory and the board of directors has final say on compensation matters
Correct Answer:
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