CFA Practice Question
The board of directors is split into five equal-size groups. Each group is elected for a 5-year term in a staggered system. The implication is that it would take a potential acquirer at least ______ years to gain majority control of the board.
B. 3.
C. 5.
A. 1.
B. 3.
C. 5.
Correct Answer: B
This is because the terms are overlapping for the remaining board members.
User Contributed Comments 2
User | Comment |
---|---|
pranit | The key word is - majority control |
BryonBUI | Simple majority |