When shareholders attempt to garner additional votes in an attempt to oust management, it is called a:
A)Management buyout.
B)Tender offer.
C)Proxy contest.
D)Poison pill.

Question

Quizplus · Accepted Answer

When shareholders attempt to obtain additional votes in order to remove or replace current management, it is known as a proxy contest. In a proxy contest, shareholders may solicit proxy votes from other shareholders in order to gain sufficient votes to replace members of the board of directors or enact other changes.

When Shareholders Attempt to Garner Additional Votes in an Attempt