In a proxy contest involving management on one side and dissenting shareholders on the other side,what is true about the right to recover the costs incurred in conducting the proxy fight?
A) Neither side can recover its costs in the proxy contest.
B) If the contest involves a policy issue, the winning side can recover its costs from the losing side.
C) The victorious side can always recover its costs from the corporation in a contest involving a policy issue.
D) Management is the only side that can ever recover its costs from the corporation in a proxy contest involving a personal issue.
E) Each side can recover its costs from the corporation in a proxy contest involving matters of policy, regardless of the outcome.
Correct Answer:
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