Which one of the following statements is TRUE?
A) companies with interlocking boards of directors have directors that serve on both boards.
B) the more members of a board of directors, the better its function.
C) a company has an interlocking board of directors if the ceo also serves as the chairman of the board of directors.
D) a company whose board members are elected in staggered terms is said to be an interlocking board of directors.
E) a shareholder-friendly charter will make it harder for a company to be acquired.
Correct Answer:
Verified
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