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Which one of the following statements is NOT TRUE? Companies with interlocking boards of directors have directors that serve on both boards. An interlocking board

Which one of the following statements is NOT TRUE?
Companies with interlocking boards of directors have directors that serve on both boards.
An interlocking board has a negative influence on the quality of comporate governance.
An effective board normally has the CEO as its chairman.
An effective board normally has a majority of outside directors with business expertise.
None of the above.

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