cheeseman_buslaw7_tif_38

cheeseman_buslaw7_tif_38 - 38 CORPORATEACQUISITIONSAND

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
1) Corporate shareholders do not have the right to vote on mergers and charter amendments. Answer: FALSE Diff: 2 Topic: Proxy Solicitation 2) The Securities and Exchange Commission has no authority to regulate the solicitations of proxies. Answer: FALSE Diff: 1 Topic: Proxy Solicitation 3) A proxy holder may be a director or officer of the corporation. Answer: TRUE Diff: 2 Topic: Proxy Solicitation 4) A copy of the proxy, the proxy statement and all other solicitation materials must be filed with the SEC at least 30 days before materials are sent to shareholders. Answer: FALSE Diff: 1 Topic: Proxy Solicitation 5) A shareholder may present an issue on a proxy for a vote by the shareholders only if the management agrees with the proposal. Answer: FALSE Diff: 1 Topic: Proxy Solicitation 6) If a proxy contest involves an issue of policy, the corporation must reimburse the incumbent management for its expenses only if it wins the proxy contest. Answer: FALSE Diff: 1 Topic: Proxy Solicitation 62 CORPORATE ACQUISITIONS AND  MULTINATIONAL CORPORATIONS 38
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
7) If a group desires to solicit proxies to oppose a management action, management has the choice of mailing the proxy materials for the dissenting group or providing the dissenting group with a list of shareholders. Answer: TRUE Diff: 1 Topic: Proxy Solicitation 8) Management is entitled to recover its proxy contest costs for all policy issue contests. Answer: TRUE Diff: 1 Topic: Proxy Solicitation 9) Shareholders desiring to communicate with other shareholders through mass mailing must file the communication with the SEC only if the shareholder is seeking a proxy as part of the communication. Answer: TRUE Diff: 2 Topic: Proxy Solicitation 10) When proxies are solicited, each issue must be able to be voted on separately. Answer: TRUE Diff: 2 Topic: Proxy Solicitation 11) Corporations are required to make detailed disclosures of the compensation of the chief executive officer and its four other most highly compensated executives for the most recent 3 years. Answer: TRUE Diff: 1 Topic: Proxy Solicitation 12) Most shareholder resolutions have a good chance of being enacted because large-scale investors usually support management. Answer: FALSE Diff: 2 Topic: Shareholder Resolution 63
Background image of page 2
13) The difference between a merger and a consolidation is that, in a merger, one of the original corporations survives; in a consolidation, neither of the original corporations survives. Answer: TRUE Diff: 1 Topic: Mergers and Acquisitions 14) In a merger, the shareholders of the merged corporation always receive stock of the surviving corporation. Answer: FALSE Diff: 2 Topic: Mergers and Acquisitions 15) The Revised Model Business Corporation Act has deleted all references to consolidations. Answer:
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 24

cheeseman_buslaw7_tif_38 - 38 CORPORATEACQUISITIONSAND

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online