Corporations generally need shareholder approval to do which one of the following?
A) Select a new CEO
B) Increase the number of authorized shares
C) Purchase Treasury stock
D) Pay a regular dividend

Question

Quizplus · Accepted Answer

Corporations need shareholder approval to increase the number of authorized shares, as this allows the company to issue more shares of stock, which can dilute the value of existing shares. Shareholder approval is not typically needed for selecting a new CEO, purchasing treasury stock, or paying a regular dividend.

Corporations Generally Need Shareholder Approval to Do Which One of the Following