Which one of the following is a means by which shareholders can replace company management?
A) Stock options
B) Promotion
C) Sarbanes-Oxley Act
D) Agency play
E) Proxy fight

Question

Quizplus · Accepted Answer

Proxy fight is a means by which shareholders can replace company management. In a proxy fight, shareholders gather enough votes to override the current management's decisions and appoint new leaders to run the company. This is typically done through soliciting other shareholders' proxy votes and gaining majority support. Other options listed, such as stock options, promotion, Sarbanes-Oxley Act, and agency play, do not involve replacing company management.

Which One of the Following Is a Means by Which