a is when a group other than the current management team solicits the authority to vote shares as part of an effort to replace the current management team. multiple choice seniority turnover vote of confidence tender offer stockholder derivative action proxy fight

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When a group other than the current management team solicits the authority to vote shares as part of an effort to replace the current management team: Proxy fight

What is  Proxy fight?

  • A proxy fight, also known as a proxy contest or proxy contest, refers to a situation in which a group of a company's shareholders band together to oppose and vote against the current management or board of directors.
  • A proxy fight, or proxy contest, or proxy contest, is an unfriendly struggle for  control of an organization.
  • This event usually occurs when a company's shareholders voice their opposition to aspects of  corporate governance, often focused on directors and managers.
  • A proxy fight is the act of a group of shareholders banding together to gather enough shareholder representatives to win a corporation's vote.
  • This action is sometimes called a "proxy fight" and is primarily used for corporate takeovers.

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