When earnings and share price fall below acceptable levels,dissident shareholders may launch a proxy contest to elect their own slate of directors at the next annual meeting.

Question

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Dissident shareholders often launch proxy contests to try and gain control of the board of directors if the company's earnings and share prices have fallen below acceptable levels. They can then elect their own slate of directors at the next annual meeting to try and turn the company around.

When Earnings and Share Price Fall Below Acceptable Levels,dissident Shareholders