6,7, & 8

6 Alice, an officer of ABC Company, won a lawsuit filed against her in which the plaintiff claimed that she was personally liable for some problems with products of ABC Company that resulted in injuries to consumers. Alice reasonably and personally expended significant sums defending the lawsuit. Which of the following is true regarding indemnification rights, if any, that she would have Multiple Choice 00:50:22 Indemnification of such expenses is mandatory because she prevailed in the litigation Indemnification of such expenses is available only fa majority of Chinterested directors authorized the expenditures ether before they were incurred or after the fact Indemnification of such expenses is available only if a majority of disinterested directors authorized the expenditures after the fect Debt securities Multiple Choice are a type of treasury stock create a debtor creditor relationship must be provided for in the articles of incorporation 5 transfer ownership interest in the corporation What was the result in Trinity Wall Street, Wal-Mart Stores, the case in the text in which an Episcopal parish sued to require Wal-Mart to include in proxy materials a shareholder proposal seeking that Wal-Mart's Board of Directors be required to develop and implement standards for management to use in deciding whether to sell a product that endangers public safety, has substantial potential to impair the reputation of Wal-Mart and/or would reasonably be considered by many to be offensive to the family and community values integral to Wol- Mart's promotion of its brand? V Multiple Choice The court ruled in favor of the plaintiff and required the inclusion of the shareholder proposal in proxy materials because the issue was directly aimed at improving corporate governance The court ruled in favor of the plaintiff and required the inclusion of the shareholder proposal in proxy materials because the matter was integral to the company's promotion of its brand and to the value of corporate shares The court ruled against the plaintiff and refused to require the inclusion of the shareholder proposal in proxy materials because the proposal involved a controversial politicalme, not an issue for shareholder resolution The court ruled against the plaintiff and refused to require the nusion of the shareholder proposal in proxy materials because the proposal involved Wal Mort business, what it sold on its shelves, not corporate govemance