The proxy statement issued by a corporation is a requirement of: a. The Securities & Exchange Commission (SEC) b. The Financial Accounting Standards Board (FASB) c. No requirement exists d. The audit committee of the board of directors

Question

Computers and Technology

Karlee Lyons

1 January, 14:27

The proxy statement issued by a corporation is a requirement of: a. The Securities & Exchange Commission (SEC) b. The Financial Accounting Standards Board (FASB) c. No requirement exists d. The audit committee of the board of directors

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Answers (1)

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Hudson Winters · Answer 1

The answer is "Option a".

Explanation:

A proxy statement is a file, that provides security and exchange in data commission, that is a powerful tool for holders, as it tells employees, that together with the instructions to do, and other choices, which could be listed as follows are wrong:

In option b, It is used in accounting guidelines, that's why it is wrong. In option c, It requires, that's why it is incorrect. In option d, It is wrong because it doesn't committee.