One of the reasons why proxy fights are rarely successful is that:
A)Management is always viewed as performing their jobs well
B)Management can use corporate resources to defend against the fight
C)Mergers are a cheaper form of changing management
D)Shareholders are unconcerned with corporate management

Question

Quizplus · Accepted Answer

Management has access to corporate resources such as legal teams, public relations teams, and other means to defend against a proxy fight. This often puts the dissident shareholders at a disadvantage in terms of resources and makes it difficult to overcome management's defenses.

One of the Reasons Why Proxy Fights Are Rarely Successful