Question

At least once every three years, companies must take a nonbinding shareholder vote on the compensation of the five highest-paid executives. This is referred to as

clawback pay action.

voting out the directors.

activist investing.

say-on-pay.

Mike is planning on incorporating his business in the state of Delaware. Which of the following regarding the name of Mike's business is TRUE?

He will be able to use the words "Association" or "Institute" in his company name.

He will not be able to use the word "Limited" in his company name.

His company name will not have to include one of the following words: Corporation, Incorporated, Company or Limited.

His company name can be the same as another corporation that already exists in Delaware.

Which of the following statements reorganization plan is true?

A reorganization plan will be confirmed by the court only if a majority of each class of creditors votes in favor of the plan.

A reorganization plan can be confirmed by the court over objections of some creditors if the court determines that the plan is feasible and fair.

Only the bankruptcy court has the authority to confirm or reject the reorganization plan. Creditors do not have a right to vote on the plan.

A reorganization plan binds only the debtor and not the creditors.

In Bankruptcy, only the debtor may propose plans of reorganization.

True

False

Answer 1

Ans) nonbinding shareholder vote on the compensation of the five highest-paid executives is known as say on pay.

b) he will be able to use the words "association" or "institute" in his company name

c) A reorganization plan can be confirmed by the court over objections of some creditors if the court determines that the plan is feasible and fair.

d) False