What requirements must be met if a shareholder meeting is to be conducted remotely?
What will be an ideal response?
Four requirements must be met if a shareholder meeting is to be conducted remotely: (1) the corporation must have implemented some reasonable means for ensuring that those persons participating are indeed shareholders, (2) those participating shareholders and proxy holders must be afforded a reasonable opportunity to both participate and vote, (3) some means must be provided so that participants have the opportunity to read or hear the ongoing proceedings, and (4) the corporation must keep a record of any remote votes or other actions taken at the meeting.
You might also like to view...
Which of the following is true of a trade-in allowance?
A. It is a price reduction to stimulate sales of newly introduced products. B. It forces managers to reduce the list price. C. It allows managers to reduce the effective price without reducing the list price. D. It is used to save old products from being removed from the market.
The ratio that indicates the percentage of each sales dollar available to cover the fixed costs and to provide operating income is termed the contribution margin ratio
Indicate whether the statement is true or false
A product has four components A, B, C, and D. The finished product must have a reliability of at least .95. The first three components come from a supplier, and they have reliabilities of .99, .98, and .995, respectively
The fourth component is being designed now. What must the reliability of component D be in order to meet the product reliability condition?
Freeman Co. had net sales of $4.2 million and ending accounts receivable of $0.8 million. Its days' sales uncollected equals:
A) 5.3 days. B) 69.5 days. C) 19.2 days. D) 11.5 days. E) 292 days.