Which one of the following statements is TRUE?

Group of answer choices

A company has an interlocking board of directors if the CEO also serves as the chairman of the board of directors.

A shareholder rights provision discourages takeovers because the acquiring company will suffer dilution.

A company whose board members are elected in staggered terms is said to have an interlocking board of directors.

A classified board is one in which the board members serve anonymously.

Shareholders want to prevent takeovers because they don't want the company purchased out from under them.