State legislation designed to thwart takeovers has been enacted in recent years, including _______, which restrict the voting power of a controlling shareholder.

Question

Quizplus · Accepted Answer

Control share laws restrict the voting power of a controlling shareholder, which is a measure designed to thwart hostile takeovers by limiting the ability of an acquiring party to exercise full voting rights immediately upon obtaining a controlling interest.

State Legislation Designed to Thwart Takeovers Has Been Enacted in Recent