Question

Mota Motors has eight directors on its board, two of whom go up for election each year. This is an example of a:

Multiple choice question.

managed board


proxy board


voting rights board


staggered board

Answer 1

This is an example of a **staggered board**. In a staggered board, only a portion of the board members are elected in any given year, which can provide continuity on the board and protect against hostile takeovers.