Which of the following is true of a proxy election for the board of directors of a corporation?

Question

Quizplus · Accepted Answer

A proxy election allows shareholders to appoint someone else to vote on their behalf. In this type of election, a biographical sketch of each candidate for the board of directors is typically sent to all shareholders along with the proxy materials. This allows shareholders to make an informed decision about who they want to vote for. Option A is incorrect because shareholders may choose to allow the proxy committee to vote the shares as it sees fit. Option C is incorrect because the rules may vary depending on the stock exchange and company. Option D is incorrect because all shareholders should receive the statement of resolutions on which they are to vote, not just preferred shareholders.

Which of the Following Is True of a Proxy Election