BUSI 2301 - Week 7 Quiz.docx - Week 7 Quiz Chapter 25 1...

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Week 7 Quiz Chapter 25 1. What is an ultra vires act?
2. A shareholder will not be at the annual meeting. May that shareholder vote? If so, how?
the shares however they wish. “Modern proxy voting allows shareholders to vote electronically through the Internet, such as at . Unless specified otherwise, a proxy is good for 11 months from the time the company receives it, and only the last proxy on file can be used. Shareholders can also use voting trust, but they are more complicated and require the shareholder to give up rights to their shares, signing them over to a trust. Shareholder trusts are not something to be taken lightly. They are generally long-term commitments and not used for a situation where the shareholder will be missing one or two annual meetings

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