Explain the factors that lead to a proxy contest. What is its outcome?
What will be an ideal response?
One or more shareholders may oppose the actions taken by the incumbent directors and want to have some or all of these directors removed and replaced. The insurgent shareholders offer their own slate of proposed directors to replace the current directors. The insurgent shareholders can challenge the incumbent directors in a proxy contest, in which both sides solicit proxies from the other shareholders. The vote will be taken at the annual meeting of the shareholders or at a special meeting of the shareholders if one has been called. The side that receives the greatest number of votes wins the proxy contest, and its slate of directors becomes the directors of the corporation.
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The globalization of ______________ refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labor, energy, land, and capital)
What will be an ideal response?
A social entrepreneur is:
A. Someone who is always aware of and plays by the "rules." B. Someone who takes risks by seeking to solve seemingly intractable problems by applying business principles. C. Someone who carefully plots and plans before making a move. D. Someone who looks first at credentials and then considers an applicant's future capacity to deliver. E. Someone who travels a lot, is a "do gooder," and wants to solve entrenched environmental problems.