A proxy battle is the attempt by ________.
A) the creditors of a bankrupt corporation to seize assets of the corporation
B) the management to dismiss the board of directors for their incapability to manage the operations
C) a nonmanagement group to unseat the existing management and gain control of the firm
D) the employees to form trade unions to influence decisions on behalf of members

Question

Quizplus · Accepted Answer

Proxy battle is when a non-management group, often a group of shareholders or investors, attempt to gain control of a company by unseating the existing management. This is typically done through voting on important decisions or electing new members to the board of directors. A proxy battle does not involve the other options listed in the question.

A Proxy Battle Is the Attempt by ________