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Basic Question 8 of 28
True or False? A classified board is a good sign of corporate governance.
User Contributed Comments 3
| User | Comment |
|---|---|
| danlan2 | Classified=staggered |
| group | Classified boards are often referred to as "staggered boards". Staggered boards need not be classified, but classified boards are inherently staggered. Then why staggered boards are better than classified simply because classified board members term is between 1 and 8 years which often result in board member complacency and forces directors to develop close reltation with the management. |
| joywind | thanks for group's post |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe corporate governance and mechanisms to manage stakeholder relationships and mitigate associated risks
CFA® 2024 Level I Curriculum, Volume 2, Module 3.