Final answer:
A temporary arrangement where shareholders join together is called a pooling agreement. This is common in public companies where shareholders vote for a board of directors, with more shares equating to more influence.
Step-by-step explanation:
When shareholders join together in a temporary arrangement, it is called a pooling agreement. Such agreements are often formed to create a unified voting bloc within a company and can be essential when shareholders need to ensure certain outcomes during votes, such as the election of board members or approval of major corporate decisions.
A public company, which has issued stock that financial investors can buy and sell, is owned by shareholders. The larger the number of shares a shareholder owns, the more influence they can exert through their votes for the company's board of directors.
When shareholders join together in a temporary arrangement, it is called a pooling agreement. In a pooling agreement, shareholders combine their resources and voting power to achieve a specific goal or objective.
This temporary arrangement allows shareholders to have a stronger collective voice and influence over the decision-making process.