Question

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

Answer 1

Answer:

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.