Question: Incorporate what you learned from the module learning materials to thoroughly discuss the issues presented in scenario. This includes a discussion of the annual meeting



Incorporate what you learned from the module learning materials to thoroughly discuss the issues presented in scenario. This includes a discussion of the annual meeting of shareholders, the right of shareholders to add a proposed resolution to the proxy materials, and law that applies to acceptance and refusal to add a proposed resolution to the proxy materials. Your discussion will support the decision of the corporate officers. In Module 4, you learned about corporate acquisitions and multinational corporations, as well as about franchises and other special forms of business. For strategic reasons, corporations often engage in acquisitions of other corporations or businesses. This might be part of a growth plan or a way to enter into a new business or market. Franchises also provide a way to enter into a new business. They are a "turn key" business, because as a franchisee an entrepreneur buys from a franchisor a "key" to a "ready made" business, complete with an operating manual. The entrepreneur then just uses the key to open their new business. Discussion Board Instructions The General Instructions for Discussion Board assignments are incorporated into this module discussion. View the grading rubric for this discussion by clicking three periods in the top right-hand corner of discussion reading pane. Discussion Scenario The Medical Committee for Human Rights (Committee) is a nonprofit corporation organized to advance concerns for human life. The Committee received a gift of shares of Legacy Liquid Chemical (Legacy) stock. It is important to know that Legacy manufactures a chemical, Eradicate, that can be used for biochemical warfare. A new shareholder, the Committee objected to Legacy's sale of the chemical because it can be used to injure and kill human life. The Committee owned sufficient shares for the requisite period needed to propose a shareholder's' resolution. The resolution must meet all requirements to propose such a resolution. The Committee proposed that the following resolution be included in the proxy materials for distribution by the corporate officers at the annual shareholders' meeting: RESOLVED, that Legacy Liquid Chemical, in accordance with the law, amend the Articles of Incorporation to prohibit the manufacture and sale of Eradicate by Legal Liquid Chemical. The corporate officers refused to include the proposed resolution in the proxy materials. Accordingly, the Committee wants to sue Legacy. Assume you are a shareholder and member of the Board of Directors of a Corporation. The company engages in some type of activity that conflicts with your personal values. How will you balance your social concerns as a shareholder with the financial goals of the Company
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