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An active investor (eg: institutional investor) manages to get three of his nominees elected to the board of directors at the expense of management nominees.

An active investor (eg: institutional investor) manages to get three of his nominees elected to the board of directors at the expense of management nominees. This will lead to which of the following: a) Management power increases as management can take decisions in the best interest of shareholders b) Shareholder power increases as shareholders will now have a say in the decision making of the firm c) No effect as shareholders already have representatives in the management and additional nominees wont impact any decisions

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