Clark_11e-TB-Comb-U08-FQs

Clark_11e-TB-Comb-U0 - Appendix H for Unit Eight Questions on the Features CHAPTER 39CONTEMPORARY LEGAL DEBATES A SHAREHOLDER ACCESS RULE A1 .

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Appendix H for Unit Eight Questions on the Features CHAPTER 39—CONTEMPORARY LEGAL DEBATES: A SHAREHOLDER ACCESS RULE A1. Lex is a shareholder of Master Corporation. Lex wants Master to include in  its proxy materials a proposal to amend the firm’s bylaws to require it to  publish   the   names   of   shareholder-nominated   candidates   for   director  positions. One argument  in favor of such a requirement is that it could  lead to a. additional protections under the Sarbanes-Oxley Act. b. an increase in the number of shareholder class-action suits. c. meaningful dialogue between Marvelous and its shareholders. d. the conversion of Marvelous from publicly held to privately held. ANSWER: C PAGE: 808 TYPE: N NAT: AACSB Reflective AICPA Legal B1. Ren is a shareholder of Star Corporation. Ren wants Star to include in its  proxy materials a proposal to amend the firm’s bylaws to require it to  publish the names of shareholder-nominated candidates for positions on the  board of directors. One argument  in opposition to  such a requirement  is that it could lead to a. meaningful dialogue between Star and its shareholders. 187
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188          TEST BANK A—UNIT EIGHT:  BUSINESS ORGANIZATIONS b. the board’s increased sensitivity to shareholder opinion.
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This note was uploaded on 10/11/2010 for the course MGT 301 taught by Professor Pederson during the Fall '10 term at SUNY Stony Brook.

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Clark_11e-TB-Comb-U0 - Appendix H for Unit Eight Questions on the Features CHAPTER 39CONTEMPORARY LEGAL DEBATES A SHAREHOLDER ACCESS RULE A1 .

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