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Suppose that you are the lead director of a company, and the CEO is also its founder.She is strongly opposed to takeovers, and has suggested

Suppose that you are the lead director of a company, and the CEO is also its founder.She is strongly opposed to takeovers, and has suggested adopting a shareholder rights plan (i.e., a "poison pill').How would you determine whether the adoption is appropriate, and what would you suggest to the rest of the board?

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