In most cases, merging corporations' officers and employees do not need to ap?prove the merger.

Question

Quizplus · Accepted Answer

In most cases, the approval of officers and employees is not required for a merger to take place. The decision to merge is typically made by the board of directors and shareholders of both corporations. However, some employee groups, such as unions, may have a say in the process through collective bargaining agreements or other legal provisions. Additionally, some states may have laws requiring notice or consultation with employees before a merger can take place.

In Most Cases, Merging Corporations' Officers and Employees Do Not