Larry can vote in person at the company's annual meeting, through the mail, or by transferring the right to vote to another person by means of transfer of ownership of shares. a. True b. False

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Business

Casey

17 March, 18:44

Larry can vote in person at the company's annual meeting, through the mail, or by transferring the right to vote to another person by means of transfer of ownership of shares. a. True b. False

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Answers (2)

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Sofia Sharp · Answer 1

a. True

Explanation:

The unit of share represents the stake of the shareholder or owner in the business.

Not only does this represent the stake of the owner, a unit of share also represents the voting power of the holder in the company's meetings such as the annual general meeting where decisions about the business may be taken.

A shareholder can transfer this right to vote to another known as a proxy or by means of transfer of ownership of shares.

Hence the answer is true

Kenna Garrett · Answer 2

The question is not complete, find below complete question:

Larry holds 1,000 shares of GE common stock. as a stockholder, he has the right to be involved in the election of its directors, who are responsible for managing the company and achieving the company's objectives. Larry can vote in person at the company's annual meeting, through the mail, or by transferring the right to vote to another person by means of transfer of ownership of shares. A True B False

The correct answer is option A, true

Explanation:

As a stockholder possessing the rights to vote in an election, Larry can fill out the proxy form sent to him by the company when the notice for the meeting was sent and return the filled proxy via email in order to vote in the election.

On the other hand, it is also allowed that Larry transfers his shareholding in the company to someone else to enable the beneficiary of such transfer to vote instead since the rights to vote in the election is also transferred with the shares.