Staggered Board of Directors

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Summary

What is a Staggered Board of Directors? Meaning.

The members of a Staggered Board of Directors have terms that expire at different times. This way of replacing boards is a tactic used to prevent hostile takeovers, because a potential acquirer has to wait longer to take control of the board.


Originally, all directors were elected simultaneously at the annual shareholders meeting.

A disadvantage of this method is that it limits the shareholder control of accountability in its directors through annual elections.


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Effective Top Management Teams in Multinationals. Requirements and Characteristics

Board of Directors, Leadership Teams, Multinationals, Top Team Management
There are three requirements for effective top team management in large, multinational enterprises: 1. Clear charter an (...)
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The Board of Directors: Roles, Responsibilities and Duties

Board of Directors, Corporate Governance, Board Accountability, Director Liability
Presentation that elaborates on the roles and responsibilities of the board of directors. The presentation includes the (...)

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Compare with: Anti Hostile Takeover Mechanisms  |  Corporate Governance  |  Lobster Trap  |  Directors and Officers Liability Insurance  |  Voting Rights Plan

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