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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe corporate governance and mechanisms to manage stakeholder relationships and mitigate associated risks
CFA® 2025 Level I Curriculum, Volume 2, Module 3.