staggered board of directors

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Definitions from WordNet

Noun staggered board of directors has 1 sense

staggered board of directors - a board of directors a portion of whose members are elected each year instead of all members being elected annually
--₁ is a kind of directorate, board of directors

Definitions from the Web

Term: Staggered Board of Directors

Description: A staggered board of directors, also known as a classified board, is a governance structure in which the directors of a company or organization are divided into different classes or groups. Each class serves a specific term, typically spanning multiple years. This setup ensures that not all directors are up for re-election at the same time, providing continuity and stability to the board.

Sample Sentences:

The company's staggered board of directors allows for a smoother transition of leadership, as only a portion of the board is up for election each year.
With a staggered board of directors, it becomes difficult for activist shareholders to gain control of the entire board in a short period.
The decision to implement a staggered board of directors was made to prevent sudden changes in leadership that might destabilize the organization.

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