Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 18CDQ
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Question
What is a proxy fight?
Expert Solution
Step 1
Introduction:
A proxy fight is an unfriendly competition for the control throughout an institution. The occasion typically happens when a company's shareholders develop opposition to some feature of the corporate governance, frequently concentrating on managerial and organization positions.
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