A dissident group solicits votes in an attempt to replace existing management. This is called a:

Question

Quizplus · Accepted Answer

A dissident group seeking to replace existing management would do so through a proxy fight, in which they would solicit votes from existing shareholders to elect their own slate of directors and potentially gain control of the company's board. Shareholder derivative actions involve shareholders suing the company's management or board on behalf of the company, while tender offers typically involve an outside entity offering to purchase shares from existing shareholders. Management freeze-outs occur when majority shareholders oust minority shareholders or executive team members without their consent or proper compensation.

A Dissident Group Solicits Votes in an Attempt to Replace