Which of the following is true regarding state rules of corporate governance?
A) Under the U.S.Constitution,a state may only apply its corporate governance rules to corporations incorporated in the state.
B) California imposes state pro-shareholder rules on quasi-foreign corporations.
C) There are no state rules of corporate governance because the Securities and Exchange Commission has preempted the field.
D) By federal law,if a state wishes to impose corporate governance requirements on corporations incorporated in the state,then the same rules must be imposed on corporations operating in the state but incorporated in another state.

Question

Quizplus · Accepted Answer

California has specific rules that apply to quasi-foreign corporations, which are companies incorporated in another state but have significant business operations in California.

Which of the Following Is True Regarding State Rules of Corporate