Read the following text about corporate governance and answer the question.

"The board of directors decided to shelve the merger proposal after the shareholders raised concerns about potential confli

Question

Read the following text about corporate governance and answer the question.

"The board of directors decided to shelve the merger proposal after the shareholders raised concerns about potential conflicts of interest. The CFO acknowledged that the deal would require extensive due diligence, and the legal team flagged several regulatory hurdles. Despite the initial enthusiasm, the company opted to put the project on the back burner for the time being."

Based on the text, which statement correctly reflects the decision made by the board?

Accepted Answer

The board decided to postpone the merger proposal because of concerns raised by shareholders and regulatory obstacles identified by the legal team.

Answer

The shareholders decided to shelve the proposal without consulting the board of directors or the legal team.

Answer

The shareholders approved the merger proposal and asked the CFO to begin due diligence immediately.

Answer

The CFO determined that the deal required no due diligence and could be completed immediately.

Answer

The legal team recommended proceeding with the merger despite the conflicts of interest that had been identified.

Questão de Inglês