Book 3, page 237. Q10. Anyone can interpret the answer for me? I think the answer should be B, instead of A. I am not going to type the whole vignette, but the question and answers: 10. Which of the following is the most effective action for the board to take to address their oversight responsibilities concerning the hedge fund’s proxy voting? A. Establish corporate values and governance structure for the company. B. Establish long-term strategic objectives that are met and fully complied with. C. Perform adequate training so that employees are able to perform their duties. D. Monitor and oversee the company;s operations on a daily basis to ensure that all legal and regulatory requirements are met and complied with in a timely manner. thanks
I think proxy voting is more of a corp governance issue rather than a strategic objectives issue.