Which of the following is true of a proxy election for the board of directors of a corporation?
A) Shareholders must vote for a candidate but do not have the option to allow the proxy committee to vote the shares in any way it sees fit.
B) A biographical sketch of each of the candidates for the board of directors is sent to all shareholders.
C) Under the National Stock Exchange rules, the proxy committee must use a ballot form to solicit proxies.
D) The proxy committee sends only preferred shareholders a statement of resolutions on which the shareholders are to vote.
B
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Indicate whether the statement is true or false.
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