Question

1. Shareholders must approve any corporate decision that would cost more than $10,000. a. True b. False 2. A corporation must notify its shareholders of the date, time, and place of an annual meeting at least days before the meeting date. 3. Because shareholders with a very small percentage of shares may not be able to travel to annual meetings, the law allows them to appoint someone else to vote their shares using a authorization form. Management often these. 4. In order for shareholders to exercise control, a must be present, either in person or through proxies. 5. Ordinarily, who is entitled to vote at an annual corporate meeting

Answer 1

Please find the detailed answer below

Step-by-step explanation:

1. False. Shareholders dont approve operational or tactical corporate decision. Some of the decisions that shareholders approve are:

Appointment of auditors (if there are any)

Appointment or re-appointment of directors.

Removal of a director or the auditor etc.

2. Companies must notify shareholders at least 10 days before the Annual General Meeting date.

3. This is known as proxy solicits

4. A QUORUM must be present, either in person or through proxies

5. Only persons whose names appear on the company's stockholder records as owners are entitled to vote