Asked by
Elijah Joseph
on Nov 30, 2024Verified
If shareholders agree in writing to vote in a specified manner for election or removal of directors, this is known as:
A) a proxy.
B) cumulative voting.
C) a voting trust.
D) a shareholder voting agreement.
Shareholder Voting Agreement
A legal agreement among shareholders about how they will vote their shares, often used to consolidate voting power or make decisions collaboratively.
Proxy
A person authorized to act for another, especially in a vote, or the act of authorizing someone to vote on one's behalf in corporate matters.
- Familiarize oneself with the rights and duties of shareholders within a corporate entity.
Verified Answer
BM
Learning Objectives
- Familiarize oneself with the rights and duties of shareholders within a corporate entity.
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