Q20: Shareholder-sponsored resolutions are something investors can consider in order to be "heard". These resolutions do have implications for investors. Which of the following statements regarding shareholder-sponsored resolutions is least accurate? The ability shareholders have to propose needed changes in a firm can serve to erode shareholder value. The right to propose initiatives for consideration at the firm's annual meeting is one way for shareholders to send a message that they are dissatisfied with the way the board is handling one or more firm matters. The right to propose initiatives for consideration at the firm's annual meeting is one way for shareholders to send a message that they are dissatisfied with the way management is handling one or more firm matters. The existence of activist shareholders creates a deadweight loss in stock returns for the majority of shareholders