Which one of the following statements is correct?

Question

Quizplus · Accepted Answer

A staggered board is a common anti-takeover device used in US firms, where not all board members are up for re-election at the same time, making it difficult for an acquiring company to gain control of the board. However, in the UK, it is less common to have such explicit anti-takeover devices in place, and instead, firms might have anticipatory takeover defenses, such as share structures or golden shares. Therefore, options B and C are not correct.

Which One of the Following Statements Is Correct