An anti-takeover measure that is inserted in the corporate charter stating that 80% of the stock shares must approve the takeover proposal is a(n) ____.
A) golden parachute
B) supermajority voting rules
C) poison puts
D) standstill agreement

Question

Quizplus · Accepted Answer

The anti-takeover measure described in the question is a supermajority voting rule, which requires a larger percentage of shareholder approval than the usual simple majority. The other options listed (golden parachute, poison puts, and standstill agreement) are other types of anti-takeover measures, but they do not fit the description given in the question.

An Anti-Takeover Measure That Is Inserted in the Corporate Charter