Series 79 practice questioneasyAnti-Takeover Defenses
Which anti-takeover defense involves having only a portion of the board up for election in any given year?
- AWhite squire
- BGreenmail
- CStaggered board✓ Correct answer
- DLock-up option
Explanation
Why C — Staggered board
A staggered board means only some directors are elected each year, making it harder for an acquirer to gain full control quickly. Other defenses use different mechanisms to deter takeovers.
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