A proxy statement gives shareholders the right ________.
A) of one vote for each share owned
B) to give up their vote to another party
C) to maintain their proportionate ownership in the corporation when new common stock is issued
D) to sell their share of stock at a premium

Question

Quizplus · Accepted Answer

Proxy statements allow shareholders to give up their vote to another party, enabling them to vote on their behalf at shareholder meetings. This is particularly useful for shareholders who cannot attend meetings in person.

A Proxy Statement Gives Shareholders the Right ________