Which One of the Following Statements Is TRUE

Which one of the following statements is TRUE?

A) A shareholder-friendly charter will make it easier for a company to be acquired.
B) A company whose board members are elected in staggered terms is said to be an interlocking board of directors.
C) A shareholder-friendly charter will make it easier for shareholders to meet with the CEO if they have concerns.
D) A targeted share repurchase can be used to encourage a hostile takeover.
E) An example of an agency cost is when the board of directors pays a dividend to shareholders.