If a group other than management solicits the authority to vote shares to replace management, a _____ is said to occur.
A)proxy fight
B)stockholder derivative action
C)tender offer
D)vote of confidence
E)None of the above.

Question

Quizplus · Accepted Answer

A proxy fight is a situation in which a group other than management solicits the authority to vote shares to replace management. It is a common strategy used by activist investors who seek to gain control of a company and change its direction.

If a Group Other Than Management Solicits the Authority to Vote