Ontario Barrister and Solicitor Practice Exam 2026 - Free Barrister and Solicitor Practice Questions and Study Guide

Question: 1 / 400

Who must approve a proposal to amend the name of a corporation?

The CEO

The board of directors

Two-thirds of voting shareholders

The CEO is not responsible for approving a proposal to amend the name of a corporation. The CEO may be involved in the decision-making process, but it is not their sole responsibility.

The board of directors is also not solely responsible for approval. While they may have a say in the decision, they are not the final decision-makers.

Any majority of shareholders is not the correct answer because it does not specify how many shareholders make up the majority. This can vary depending on the size of the corporation and the number of shareholders.

The answer, two-thirds of voting shareholders, is the correct option because it specifies a specific threshold for approval and involves the input of the majority of shareholders. This ensures that a decision is made with the consent of a significant majority of stakeholders.

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Any majority of shareholders

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