A classified board is one which has:
A)representation from various classes of stock.
B)terms that expire at different times.
C)both employee and non-employee directors.
D)directors elected solely by one class of shareholders.
E)directors that have been assigned differing numbers of votes per seat.

Question

Quizplus · Accepted Answer

A classified board refers to a corporate board structure where directors' terms expire at different times, rather than all at once. This is designed to prevent a complete board takeover in a single election.

A Classified Board Is One Which Has