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Chapter 21: Proxy Statements Guide Quiz
Test your knowledge of the proxy statements chapter material!
1 / 10
Any perk or benefit provided to executives that is worth over ______ must be itemized on the proxy statement.
Answer can be found on page 233.
Correct!
2 / 10
The reported values of Stock-Based Compensation are:
Since the true value will fluctuate over time with a company’s stock price, these values are estimated. Read more on page 232.
Correct! Since the true value will fluctuate over time with a company’s stock price, these values are estimated.
3 / 10
What story might you get from reading proxy statement documents?
Answer can be found on pages 236-237.
Correct! There are all sorts of things you can learn from reading proxy statements. Be sure to read the footnotes too!
4 / 10
In which column of the Summary Compensation Table would you find discounted sports tickets reported?
5 / 10
True or false: Shareholder proposals must be accepted by the company.
In the end, these shareholder proposals tend to be advisory proposals, meaning the board can ultimately ignore them. Read more on page 237.
Correct! In the end, these shareholder proposals tend to be advisory proposals, meaning the board can ultimately ignore them.
6 / 10
Which of the following is a proxy advisory firm?
Answer can be found on page 234.
7 / 10
True or false: Every company files their proxy statements at the end of the year.
Different companies end their fiscal year at different times, so this varies. Read more on page 231.
Correct! Different companies end their fiscal year at different times, so one company may file their proxy statement in January while another has their proxy statement come out in April.
8 / 10
Where can proxy statements be found?
Answer can be found on page 231.
Correct! Proxy statements can always be found on the SEC’s EDGAR database, and you may also be able to find them on corporate websites or investor-relations pages too.
9 / 10
True or false: Companies are supposed to explain why executives got paid what they did in proxy statements.
Read more on page 234.
Correct! You’ll find this explanation in the Compensation Discussion and Analysis section, though it can be difficult to decipher.
10 / 10
When minority shareholders file a proxy statement seeking to oust members of the company board, this is called:
Your score is
The average score is 85%
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