Maureen,a shareholder of Metra,Inc.,was unhappy with how the corporation was being managed.Maureen wanted to be a member of Metra's board of directors.Which statement is correct?
A) If Maureen owns at least 1 percent or $2,000 of Metra's stock, she can require the company to include her name as a candidate for the board of directors in its proxy statement.
B) If Maureen has a proper purpose, she can require the company to include her name as a candidate for the board of directors in its proxy statement.
C) If Maureen can show cause, she can require the company to include her name as a candidate for the board of directors in its proxy statement.
D) Maureen cannot require that the company put her name in the proxy statement; she must prepare and distribute her own proxy.
Correct Answer:
Verified
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