Which one of the following statements is TRUE?
A. If a company has a classified board, fewer board seats are filled each year.
B. One tool of corporate governance is choosing a good investment banker.
C. A classified board is one in which the board members serve anonymously.
D. A classified board is one in which an announcement requesting applications for board members appears in the newspaper.
E. In a classified board, it is easier for dissidents to gain representation since fewer seats are up for election each year.
Answer: A
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