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staggered board of directors
Thesaurus| Noun | 1. | staggered board of directors - a board of directors a portion of whose members are elected each year instead of all members being elected annuallyboard of directors, directorate - a group of persons chosen to govern the affairs of a corporation or other large institution |
Staggered board of directors
Staggered board of directorsOccurs when a portion of directors are elected periodically, instead of all at once. Board terms are often staggered in order to thwart unfriendly takeover attempts, since potential acquirers would have to wait longer before they could take control of a company's board through the normal voting procedure.Staggered TermsAn arrangement whereby only a certain number of members of a board of directors are elected in a given year. For example, a board of directors may have 10 members serving five year, staggered terms where two new members are elected each year. In addition to giving the board consistency in its membership, staggered terms makes hostile takeovers more difficult because the potential acquirer can replace only so many directors at a time.staggered board of directors
Words related to staggered board of directorsnoun a board of directors a portion of whose members are elected each year instead of all members being elected annuallyRelated Words- board of directors
- directorate
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