Godfrey is elected as a director for Healthful Snax,Inc.He will most likely serve for a term of

Question

Quizplus · Accepted Answer

According to typical corporate governance practices, directors are elected for a term of one year. While there may be exceptions to this, such as staggered terms for certain board members, it is the most common term length for directors. Lifetime terms (B) are very rare and less than one year (A) generally would not provide enough continuity and stability for the board. While a term of about ten years (D) may be possible in some circumstances, it is not the typical length of a director term.

Godfrey Is Elected as a Director for Healthful Snax,Inc