Question

If a corporation has 10 seats on the board of directors, how many directors will be elected each year with a staggered election?

a) 2
b) 5
c) 10
d) 1

Answer 1

In a corporation with a staggered election, half of the directors are elected each year to ensure continuity in the board.

Step-by-step explanation:

In a corporation with a staggered election, the board of directors is divided into groups with different term lengths. This ensures that not all directors are elected or re-elected at the same time. In the given scenario, if the corporation has 10 seats on the board of directors, the most common practice would be to divide them into two groups: Group A with a term length of, say, three years, and Group B with a term length of, say, two years.

This means that every year, half of the directors will be elected, ensuring some continuity and stability in the board. In this case, the answer would be b) 5 directors.