8. Which of the following is a reason why institutional investors may support poison pills with a periodic vote?

Group of answer choices

-time-consuming to adopt

-management entrenchment

-protects shareholder interests

-ineffective in preventing unsolicited takeovers

9. Which of the following is a reason why shareholders may support staggered boards?

Group of answer choices

-easy for an acquirer to gain control of the board

-significantly higher deal premiums

-increases bargaining power of management

-strong obstacle to hostile takeover attempts

10. Which of the following is a reason why institutional investors may not support dual-class shares?

Group of answer choices

-it creates a wedge between ownership rights and voting rights

-institutional investors own Class B shares

-it does not preserve the independence of management and the board

-it always weakens governance quality