What is one of the actions that can NOT help managers defend against a hostile takeover?
A) establishing a poison pill provision
B) granting lucrative golden parachutes to senior managers
C) establishing a super-majority provision in the company's bylaws to raise the percentage of the board of directors that must approve an acquisition from 50% to 75%
D) changing the voting procedures for the board election from noncumulative to cumulative one
Correct Answer:
Verified
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