If investors become dissatisfied with a firm's performance, they can compete with management in soliciting proxy votes in what is known as a proxy fight.

Name: If investors become dissatisfied with a firm's performance, they can compete with management in soliciting proxy votes in what is known as a proxy fight.
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

A proxy fight occurs when investors try to gather enough proxy votes to replace current management with a new team that they believe will improve the company's performance.

If Investors Become Dissatisfied with a Firm's Performance, They Can