Under What Circumstances Can the Terms of Directors Be Staggered

question 36

Multiple Choice

Under what circumstances can the terms of directors be staggered such that only a portion of the board members' terms expire in any one-year?

• A) in any circumstances
• B) in closely held corporations
• C) when there are both inside and outside directors
• D) when there are nine or more members of the board of directors
• E) under no circumstances

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