Your friend Steve owns a considerable amount of ordinary share in Intel, the large microchip manufacturer.He wants to cast his votes on various issues at the annual stockholders' meeting, but he does not have the time to travel a great distance to the meeting.Instead of attending the meeting, Steve decides to register his votes by
A) registered mail.
B) pre-emptive right.
C) proxy.
D) power of attorney.
E) preferred stock.

Question

Quizplus · Accepted Answer

A proxy allows Steve to appoint someone to attend the meeting and vote on his behalf. This is the best choice for Steve since he does not have the time to attend the meeting in person. Registered mail, pre-emptive right, power of attorney, and preferred stock are not relevant to casting votes at a stockholders' meeting.

Your Friend Steve Owns a Considerable Amount of Ordinary Share