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Gary Green is a two percent shareholder in X Corporation, a publicly traded corporation subject to the 1934 Securities Exchange Act. X Corporation manufactures gasoline
Gary Green is a two percent shareholder in X Corporation, a publicly traded corporation subject to the 1934 Securities Exchange Act. X Corporation manufactures gasoline powered golf carts. Gary was also employed by X Corporation until last month, when he was terminated as part of an overall reduction in employees to offset declining sales. Which of the following proposals submitted by Gary to the company may be excluded from its proxy materials? Group of answer choices A proposal to begin manufacturing a line of electric golf carts. A proposal to rehire Gary because he was unfairly treated in the decision to reduce the number of employees. A proposal that the company ignore current federal law that prohibits the hiring of employees unless they have a Social Security Number (Gary believes this law is unconstitutional). All three proposals may be excluded from the proxy materials
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