What is the supramajority voting requirement for shareholders?
What will be an ideal response?
The articles of incorporation or the bylaws of a corporation can require a greater than majority of the shares to constitute a quorum of the vote of the shareholders. This is called a supramajority voting requirement, or supermajority voting requirement. Such votes are often required to approve mergers, consolidation, the sale of substantially all the assets of a corporation, and such. To add a supramajority voting requirement, the amendment must be adopted by the number of shares of the proposed increase. For example, increasing a majority voting requirement to an 80 percent supramajority voting requirement would require an 80 percent affirmative vote.
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A) Online databases B) Metasearch engines C) Monitoring algorithms D) Boolean searches E) Enterprise search engines
The right to recover the goods from an insolvent seller applies to unfinished goods
Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
Fundamental qualitative characteristics of accounting information are:
A. Faithful representation and relevance. B. Faithful representation and consistency. C. Comparability and consistency. D. Relevance and comparability.