Which percentage of shareholder approval would be most associated with a shark-repellent strategy?
A) 10%
B) 25%
C) 50%
D)80%

Question

Quizplus · Accepted Answer

Shareholder approval is required for implementing a shark-repellent strategy, which typically involves adopting measures such as dual-class stock or staggered board elections that make it difficult for outside investors to gain control of the company. Such strategies generally require a high level of shareholder approval, often 80% or more, to ensure that they are not implemented in a way that benefits management at the expense of shareholders.

Which Percentage of Shareholder Approval Would Be Most Associated with a Shark-Repellent