6.In regards to shareholder-sponsored resolutions, which of the following would NOT be something investors should look at and consider?

A)   Whether the firm requires a simple two-thirds or other supermajority vote for passing a shareholder resolution.

B)   Whether shareholders can request a special shareholder meeting to consider specific issues.

C)   Whether initiatives proposed by shareholders will benefit the long-term interests of all shareholders, or whether they represent narrow interests of those making the proposals.

D)   Whether national regulatory agencies have pressured firms to act on the terms of any approved shareowner initiatives.

7.Shareholder-sponsored resolutions are something investors can consider in order to be “heard”. These resolutions do have implications for investors. Which of the following statements regarding shareholder-sponsored resolutions is FALSE?

A)   The right to propose initiatives for consideration at the firm’s annual meeting is one way for shareholders to send a message that they are dissatisfied with the way the board is handling one or more firm matters.

B)   The right to propose initiatives for consideration at the firm’s annual meeting is one way for shareholders to send a message that they are dissatisfied with the way management is handling one or more firm matters.

C)   The ability shareholders have to propose needed changes in a firm can serve to erode shareholder value.

D)   If a shareholder-sponsored proposal receives a large number of “yes” votes, it could pressure the board/management to make changes called for, or to justify their inaction.

8.Which of the following would NOT be a good source for information about a company’s proxy voting rules?

A)   Firm’s corporate governance statement.

B)   Firm’s annual report.

C)   Proxy statement (U.S.).

D)   Company’s articles of organization and by-laws.

9.One of the issues shareholders should consider is the issue of confidential voting of proxies. Which of the following statements would be considered most accurate in regards to proxy voting and confidential votes?

A)   Shareholders are more likely to vote conscientiously if allowed to do so confidentially.

B)   It is an SEC requirement that the proxy voting process be confidential.

C)   Confidentiality of voting does not ensure that all votes are counted equally.

D)   Information concerning confidentiality of voting rights can typically be found on the firm’s web site.

10.All of the following negatively affect shareholders’ proxy voting rights, EXCEPT:

A)   allowing proxy voting by means other than a paper ballot.

B)   requiring attendance at the annual meeting.

C)   scheduling the annual meeting on the same day as other companies in the area, but in different locations.

D)   preventing investors who wish to vote their shares from trading during a period prior to the annual meeting.

答案和详解如下：

6.In regards to shareholder-sponsored resolutions, which of the following would NOT be something investors should look at and consider?

A)   Whether the firm requires a simple two-thirds or other supermajority vote for passing a shareholder resolution.

B)   Whether shareholders can request a special shareholder meeting to consider specific issues.

C)   Whether initiatives proposed by shareholders will benefit the long-term interests of all shareholders, or whether they represent narrow interests of those making the proposals.

D)   Whether national regulatory agencies have pressured firms to act on the terms of any approved shareowner initiatives.

The correct answer was D)

This issue relates instead to binding shareholder proposals. Unless the firm is required to institute an initiative that shareholders have approved, the board and management may tend to ignore these shareholder concerns.

7.Shareholder-sponsored resolutions are something investors can consider in order to be “heard”. These resolutions do have implications for investors. Which of the following statements regarding shareholder-sponsored resolutions is FALSE?

A)   The right to propose initiatives for consideration at the firm’s annual meeting is one way for shareholders to send a message that they are dissatisfied with the way the board is handling one or more firm matters.

B)   The right to propose initiatives for consideration at the firm’s annual meeting is one way for shareholders to send a message that they are dissatisfied with the way management is handling one or more firm matters.

C)   The ability shareholders have to propose needed changes in a firm can serve to erode shareholder value.

D)   If a shareholder-sponsored proposal receives a large number of “yes” votes, it could pressure the board/management to make changes called for, or to justify their inaction.

The correct answer was C)

The ability to bring issues in front of the board and/or management can serve to prevent erosion of shareholder value.

8.Which of the following would NOT be a good source for information about a company’s proxy voting rules?

A)   Firm’s corporate governance statement.

B)   Firm’s annual report.

C)   Proxy statement (U.S.).

D)   Company’s articles of organization and by-laws.

The correct answer was B)

The annual report would typically not contain this detailed information.

9.One of the issues shareholders should consider is the issue of confidential voting of proxies. Which of the following statements would be considered most accurate in regards to proxy voting and confidential votes?

A)   Shareholders are more likely to vote conscientiously if allowed to do so confidentially.

B)   It is an SEC requirement that the proxy voting process be confidential.

C)   Confidentiality of voting does not ensure that all votes are counted equally.

D)   Information concerning confidentiality of voting rights can typically be found on the firm’s web site.

The correct answer was A)

Shareholders will be more likely to vote and vote conscientiously if they are sure that board members and/or management will not find out how they voted. There is no SEC requirement of confidentiality regarding proxy voting. Confidentiality of voting does insure that all votes are counted equally. The most likely place to find information on confidentiality of the firm’s proxy voting is in the firm’s by-laws or articles of organization.

10.All of the following negatively affect shareholders’ proxy voting rights, EXCEPT:

A)   allowing proxy voting by means other than a paper ballot.

B)   requiring attendance at the annual meeting.

C)   scheduling the annual meeting on the same day as other companies in the area, but in different locations.

D)   preventing investors who wish to vote their shares from trading during a period prior to the annual meeting.

The correct answer was A)

Allowing proxy voting by means other than a paper ballot has a positive impact on shareholders’ proxy voting rights. All of the other choices negatively affect shareholders’ proxy voting rights.

thx