Question

A fairness opinion that is provided to public shareholders as part of proxy materials must disclose whether it has evaluated compensation paid to any insider of the client company. For purposes of this requirement, an "insider" includes a client company's:

A) Board of Directors.
B) Majority shareholders.
C) Senior executives.
D) Independent auditors.

Answer 1

A fairness opinion provided to public shareholders as part of proxy materials must disclose whether it has evaluated compensation paid to any insider of the client company. An 'insider' includes the company's board of directors, senior executives, and independent auditors.

Step-by-step explanation:

A fairness opinion provided to public shareholders as part of proxy materials must disclose whether it has evaluated compensation paid to any insider of the client company. An 'insider' includes the company's board of directors, senior executives, and independent auditors.