Which one of the following statements is TRUE?
A. A classified board is one in which the board members have staggered terms.
B. One tool of corporate governance is a company's tax avoidance strategy.
C. One tool of corporate governance is choosing a good investment banker.
D. A classified board is one in which the board members serve anonymously.
E. A classified board is one in which an announcement requesting applications for board members appears in the newspaper.
Answer: A
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