Asked by Shaquille Clarke on Jul 29, 2024
Verified
Carmen and Diego are shareholders of Espresso Inc. Carmen's written authorization to Diego to vote her shares at a shareholders' meeting is
A) a corporate resolution.
B) a cumulative vote.
C) a proxy.
D) a quorum requirement.
Proxy
A proxy is an authorization given by a shareholder or other party to represent them and vote on their behalf in a corporate or other formal meeting.
Shareholders' Meeting
A gathering of a corporation's shareholders, held to discuss the company's performance, elect the board of directors, and make decisions on major company issues.
- Familiarize oneself with the legislative environment that outlines the entitlements of shareholders, highlighting their voting powers and capacity to initiate litigation for the corporation.
Verified Answer
ZC
Zikyah ConwayAug 03, 2024
Final Answer :
C
Explanation :
A proxy is a written authorization given by a shareholder to another person to vote the shareholder's shares at a shareholders' meeting, which is exactly what Carmen has given to Diego.
Learning Objectives
- Familiarize oneself with the legislative environment that outlines the entitlements of shareholders, highlighting their voting powers and capacity to initiate litigation for the corporation.