嗨，从没放弃的小努力你好：
1）请问这个内容有在基础班讲到过吗？没有印象了。
选项 C 有讲过，请参考基础班讲义 P192
选项 A 和 B，个人认为出的其实有点偏，太细节了
2）老师能解释下ABC三个选项背后实际的意义吗。
这道题的考点是 Mechanisms of Stakeholder Management
问下列哪个选项，在一桩收购中，最能保护「少数股东」的权益，需要我们清楚公司都有哪些利益相关方，不同的措施如何保护不同的利益相关方
选项 A
保护的就是「少数股东」的权益
请参考原版书 P611
少数股东通常被赋予权利，以保护他们在收购中的利益。欧洲联盟成员国的公司被要求采用 sell-out rights。这些权利允许投票反对合并要约的少数股东, 迫使拥有目标公司 90% 以上投票权的竞购者, 在交易获得批准后以公平价格购买他们的股份
Minority shareholders are often granted rights to protect their interests in acquisitions.
For example, companies in European Union member states are required to adopt sell-out rights. These rights allow minority shareholders who have voted against a merger offer to force a bidder with more than 90% of the target’s voting rights to buy their shares at a fair price upon the deal’s approval.
选项 B
保护的是「股东」利益，并没有强调是：在收购中、少数股东权益
请参考原版书 P613
一些监管机构要求公司，包括许多金融业的公司，采用 clawback provisions。这些规定允许公司在发现某些事件，如财务重述、不当行为、违法行为或风险管理缺陷时，收回以前支付的薪酬
A number of regulators are requiring companies, including many in the financial industry, to adopt clawback provisions.These provisions allow a company to recover previously paid remuneration if certain events, such as financial restatements, misconduct, breach of the law, or risk management deficiencies, are uncovered.
选项 C
保护的是「债权人」的利益
请参考原版书 P614
为了限制债权人在债券(或贷款)期间的风险，债务人可选择在债券或合同中规定契约。契约是贷款协议的条款和条件，使债权人能够具体规定发行人有义务采取或禁止采取的行动
To limit creditors’ risk during the term of a bond (or loan), debtholders may choose to impose covenants within indentures or contracts. Covenants are the terms and conditions of lending agreements, enabling creditors to specify the actions an issuer is obligated to perform or prohibited from performing.
----------------------------------------------就算太阳没有迎着我们而来，我们正在朝着它而去，加油！
