1. When, if ever, is it appropriate for a board to prevent shareholder votes on matters involved in selling a firm? 2. In your opinion, did the Dell Inc. board of directors act in the best interests of the Dell shareholders? Cite examples to support your position. 3. A buyout involving the target firm's current management is called a management buyout. In what way do these types of deals represent agency conflicts between managers and shareholders? What board procedures can be put in place to mitigate such conflicts? How can activist investors help mitigate such conflicts