If a group other than management solicits the authority to vote shares to replace management, a _____ is said to occur.
A) proxy fight
B) stockholder derivative action
C) tender offer
D) vote of confidence

Question

Quizplus · Accepted Answer

A proxy fight occurs when a group other than management solicits shareholders' votes to gain control of the board of directors, often with the intention of replacing current management.

If a Group Other Than Management Solicits the Authority to Vote