Question

A board that is elected in a classified system is known as a ____________
(A)
Diversified board.
(B)
Staggered board.
(C)
Declassified board.
(D)
None of above

Answer 1

Answer:

B)Staggered board.

Explanation:

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Answer 2

Answer:

Option B - Staggered board.

Explanation:

A board that is elected in a classified system is known as a staggered board.

• It is made up of different classes of directors.

• The terms are structured by the company, this includes the three classes of directors.
• Staggering can be done to assign staggering service terms.
• It may involve more detailed responsibilities and provisions for each class.
• In staggered boards the directors are elected as terms expire.
• During the election, shareholders are asked to vote to fill in the positions.
• Terms would vary for the elected directors.

Hence, the Staggered board is the board that is elected in a classified system.