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Which of the following is least likely an important requirement of good corporate governance?

A Members of the board should serve staggered, multiple-year terms.

There are benefits to both an annually elected board and a board with staggered multiple-year terms so neither can be considered a “requirement.” An annually elected board provides flexibility to nominate new board members in response to changes in the marketplace. Staggered boards may provide better continuity of board expertise and leadership but are more difficult to replace.

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