A proxy contest is typically one in which:
A) the Board attempts to gain control from the shareholders.
B) management attempts to gain control from the Directors.
C) outsiders attempt to gain control from management.
D) the Board attempts to gain control from the Directors.

Question

Quizplus · Accepted Answer

In a proxy contest, outsiders (usually shareholders or activist investors) attempt to gain control and influence over the management or board of directors. They may try to nominate their own candidates for the board or propose changes to the company's policies or strategies. Therefore, option C is the best choice.

A Proxy Contest Is Typically One in Which