Under what circumstances can the terms of directors be staggered such that only a portion of the board members' terms expire in any one year?
A) under any circumstances
B) in closely-held corporations
C) when there are both inside and outside directors
D) when there are nine or more members of the board of directors
E) Under no circumstances can the terms of directors be staggered such that only a portion of the board members' terms expire in any one year.
Correct Answer:
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