A modification to the company charter that requires 75% shareholder approval for a merger is called a(n):
A) Majority voting amendment
B) Cumulative voting amendment
C) Proxy voting amendment
D) Supermajority amendment

Question

Quizplus · Accepted Answer

A modification to require 75% shareholder approval is a significant change and would require a supermajority amendment. Majority voting and cumulative voting amendments relate to how votes are cast, while proxy voting amendments address the way in which shareholders can cast their votes.

A Modification to the Company Charter That Requires 75% Shareholder