When can proxy fights take place in a corporation?
If the percentage of stock owned by large shareholders is high, proxy fights can be easily waged. Under a proxy fight a large shareholder or group solicits votes for a slate of directors that it has proposed as an alternative to candidates endorsed by the current board, which may include the board members themselves. Shareholders who favor the alternative are said to give their "proxies" to those proposing the new directors.
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Use the three basic questions to describe why perfect competition is efficient
What will be an ideal response?
Which of the following is not a source of monopoly?
a. technologies that allow each of many small firms to produce at the same per-unit costs as one large firm b. patents c. control of crucial inputs d. government licensing requirements