Have shareholders engage in a proxy contest

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Reference no: EM131512161

FirstStep LLC has had some key managers and executives leave the firm in the last year and because of a historically low stock price, FirstStep has now become a target for acquisition by other firms. FirstStep can do all of the following to battle potential takeover attempts except which one?

a-Have shareholders engage in a proxy contest in an attempt to change the membership of the board of directors.

b-Provide executives with additional compensation in the event that another company takes control of Alpha.

c-Award special rights to shareholders and executives in the case of a takeover attempt.

d-Require shareholder approval before an acquisition can take place.

Reference no: EM131512161

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