CFA Practice Question

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CFA Practice Question

Which of the following is least likely classified as a takeover defense?

A. Greenmail
B. Cumulative voting
C. Golden parachutes
Correct Answer: B

The ability to use cumulative voting enables shareholders to vote in a manner that enhances the likelihood that their interests are represented on the board. It is a valuable shareholder right.

User Contributed Comments 1

User Comment
replyneelu Green mail and golden parachutes can be defined under the correct anase
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