Staggered Elections

Multiple Choice

Staggered elections

A) allow a portion of the board members to be elected on a permanent basis.
B) increase the difficulties incurred when trying to replace the board of directors.
C) are set forth in supermajority amendments.
D) can be altered on a one-time basis to open all seats on the board to a simultaneous vote if shareholders approve a standstill agreement.
E) increase the probability that a firm will be acquired by a stronger competitor.