Which of the following is correct concerning the SEC regulations on shareholder resolutions?
A) The proposals cannot be used to seek to satisfy a personal grievance against the company.
B) The proposals cannot relate to the ordinary business operations of the corporation.
C) The proposals must relate to operations accounting for at least 5 percent of total assets, gross sales, or net earnings.
D) All the above are correct.

Question

Quizplus · Accepted Answer

All of the statements listed are correct concerning the SEC regulations on shareholder resolutions. Shareholder proposals must focus on matters that involve the company's business and avoid issues that are based on personal preferences or preferences, and they cannot involve routine matters that are part of the company's day-to-day operations. Additionally, proposals must deal with matters that account for at least 5% of the company's financial results or assets, including net earnings or total assets, gross sales, or revenues.

Which of the Following Is Correct Concerning the SEC Regulations