NO.PZ2023090503000031
问题如下:
Which board structure would most limit shareholders' ability to make significant changes in the management of a firm?
选项:
A.
A non-staggered board with a majority of independent directors
B.
A staggered board with a majority of independent directors
C.
A staggered board with a majority of inside directors
解释:
C is correct.
A board with a majority of inside directors could more easily resist outside change than one with a majority of directors who were independent of management. Also, a staggered board would allow only a portion of the directors to be voted out each year, so it would take several years to replace a majority of directors.
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