What Is One of the Actions That Can NOT Help

question 40

Multiple Choice

What is one of the actions that can NOT help managers defend against a hostile takeover?

• A) establishing a poison pill provision
• B) granting lucrative golden parachutes to senior managers
• C) establishing a super-majority provision in the company's bylaws to raise the percentage of the board of directors that must approve an acquisition from 50% to 75%
• D) changing the voting procedures for the board election from noncumulative to cumulative one