Q909
A situation in which an outside group solicit proxies to take control of business is classified as
A.
outside group
B.
solicit process
C.
proxy fight
AnswerD.
controlled management
Answer: Option C
Solution
Answer: Option C
Solution:
A situation in which an outside group solicit proxies to take control of business is classified as proxy fight. A proxy fight is the action of a group of shareholders joining forces, in a bid to gather enough shareholder proxies to win a corporate vote.