A proxy contest is typically one in which:
A)The Board attempts to gain control from the shareholders
B)Management attempts to gain control from the Directors
C)Outsiders attempt to gain control from management
D)The Board attempts to gain control from the Directors

Question

Quizplus · Accepted Answer

In a proxy contest, outsiders (such as activist investors or other shareholders) attempt to gain control from management. They do this by soliciting proxies from other shareholders in order to vote on important corporate decisions, such as board member appointments or strategic initiatives.

A Proxy Contest Is Typically One in Which