What is a proxy? State the federal rules that govern a proxy statement
What will be an ideal response?
A proxy is a written document that is completed and signed by a shareholder and sent to the corporation. The proxy authorizes another person—the proxy holder—to vote the shares at the shareholders' meeting as directed by the shareholder. The federal proxy rules promote full disclosure. The management or any other party soliciting proxies from shareholders must prepare a proxy statement that fully describes:
a. the matter for which the proxy is being solicited
b. who is soliciting the proxy, and
c. any other pertinent information.
A copy of the proxy, the proxy statement, and all other solicitation material must be filed with the Securities and Exchange Commission at least 10 days before the materials are sent to the shareholders.
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A manufacturer using which type of promotional strategy focuses its promotional efforts on the consumer?
a. push b. pull c. kinetic d. personal selling
Which of the following is false regarding the filing of information returns concerning employees who prepare tax returns?
A. Annual listings of preparers, identification numbers, and place of work are required for preparers who employ others to prepare returns. B. The period for which the information return is required is a 12-month period beginning July 1 of each year. C. No information return is actually required to be submitted; a list is made and kept by the employing preparer. D. Information returns of income tax return preparers must be maintained by the preparer for 2 years.