Maureen,a shareholder of Metra,Inc.,is unhappy with how the corporation was being managed.Maureen wants 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, but she can prepare and distribute her own proxy.

Question

Quizplus · Accepted Answer

Shareholders cannot force a company to include their names in the proxy statement for board elections, but they can run their own proxy solicitation.

Maureen,a Shareholder of Metra,Inc