A staggered board A. is seen in less than 50% of U. S. boards. B. makes it easier for shareholders to curb a CEO's power. C. increases the chances of a hostile takeover. D. provides little continuity. E. has only a portion of the board stand for election each year.

Question

Computers and Technology

Shaun Church

17 November, 09:41

A staggered board A. is seen in less than 50% of U. S. boards. B. makes it easier for shareholders to curb a CEO's power. C. increases the chances of a hostile takeover. D. provides little continuity. E. has only a portion of the board stand for election each year.

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Ariana · Answer 1

E. has only a portion of the board stand for election each year.

Explanation:

A staggered board is a strategic approach to eliminate conspiracy to mitigate the occurrence of hostile takeover. It is a process whereby only a option of a board of directors (in business) or political members like senators (in politics), stand for election which election period. It is called staggered election in terms of politics.

This strategy promotes the categorisation or classification of directors in a board and conducts election based on the selected categories.