Which One of the Following Statements Is TRUE

Multiple Choice

Which one of the following statements is TRUE?

A) A shareholder rights provision discourages takeovers because the acquiring company will suffer dilution.
B) A company has an interlocking board of directors if the CEO also serves as the chairman of the board of directors.
C) A company whose board members are elected in staggered terms is said to have an interlocking board of directors.
D) Shareholders want to prevent takeovers because they don't want the company purchased out from under them.
E) A classified board is one in which the board members serve anonymously.