(a)
To explain: T is ordinary shareholder or not.
Introduction:
Direct Stockholder’s Intervention: Most of the shares are owned by institutional investors such as insurance companies pension funds, and rather than individual. These institutional investor control over the firm’s operation and oversee the management operation.
(b)
To explain: The manager should vote its shares or should pass those votes on a pro-rata basis, back to its own shareholders.
Introduction:
Direct Stockholder’s Intervention: Most of the shares are owned by institutional investors such as insurance companies pension funds, and rather than individual. These institutional investor control over the firm’s operation and oversee the management operation.
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Chapter 1 Solutions
Fundamentals of Financial Management (MindTap Course List)
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EBK CONTEMPORARY FINANCIAL MANAGEMENTFinanceISBN:9781337514835Author:MOYERPublisher:CENGAGE LEARNING - CONSIGNMENT