A modification to the company charter that requires 75 percent shareholder approval for a merger is called a
A)majority voting amendment.
B)cumulative voting amendment.
C)proxy voting amendment.
D)supermajority amendment.

Question

Quizplus · Accepted Answer

A modification to the company charter that requires 75 percent shareholder approval for a merger is called a supermajority amendment. This means that a larger majority, in this case 75 percent, is needed for the approval of certain decisions, such as mergers, rather than a simple majority vote.

A Modification to the Company Charter That Requires 75 Percent