LeederTech is facing a hostile takeover. Its focus as a defense strategy has been to ensure some continuity. It has decided to pursue a strategy that will prevent an acquirer from replacing the entire board of directors immediately, even though this tends to have very low success and a negative or negligible effect on shareholder wealth. What strategy did LeederTech select?

a$)$ Capital structure change

b$)$ Greenmail

c$)$ Poison pill

d$)$ Corporate charter amendment

Question $49(1$ point$)$

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One means that is considered to improve the effectiveness of outside directors is:

a$)$ mandating that all outside directors be drawn from government or academia rather than industry.

b$)$ requiring that outside directors act objectively and have no ownership interest in the firm.

$(1)59F$

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