Asked by
Destiny Craddieth
on Nov 28, 2024Verified
If a board attempts to manipulate the shareholders' election of a director to reduce the shareholders' influence, the shareholders can challenge the election in court.
Shareholders' Election
The process by which the shareholders of a corporation vote to choose members of the board of directors or make decisions on other important matters.
Manipulate
To control or influence something or someone in a deceitful or unethical way.
Influence
The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.
- Recognize the importance of shareholder rights and the mechanisms for their protection.
Verified Answer
TD
Learning Objectives
- Recognize the importance of shareholder rights and the mechanisms for their protection.