Which One of the Following Statements Is TRUE

Multiple Choice

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.