Staggered Board of Directors

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Staggered board of directors

Occurs 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 Terms

An 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.

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No references found			Approximately 65 percent of the New York Stock Exchange listed companies headquartered in Florida have adopted either a shareholder rights plan or a staggered board of directors, or both. The wolf at the door: Florida's takeover laws revisited by Nunn, Daniel B., Jr. / Florida Bar Journal The Restated Certificate of Incorporation also provides for a staggered board of directors, which will result in one third of the directors standing for election in any year. New World Brands - IP Gear Completes Major Recapitalization by Business Wire Therefore, with reluctance, I have resolved to initiate a proxy campaign to ask shareholders to amend Kimber's articles to remove the provisions for a staggered Board of Directors and to elect a new board of directors who will appoint new management dedicated to representing the interests of all the shareholders of Kimber Resources," Puplava said. Puplava Requisitions Special Meeting of Kimber Resources to Replace ... by Business Wire			Squiggly Lines SR SRA SRD SRG Sri Lankan Rupee SRO SS1 ST STA Staatsanleihe Staatsschulden Stability Stabilization Stabilization Period stabilize stabilized income stabilized occupancy stabilized value Stabilizzatore automatico Stable Paretian, or Fractal Hypothesis Stachybotrys chartarum stacking plan Stag stagflation Staggered Board of Directors Staggered Entry Strategy staggered maturities Staggered Terms Staggering Maturities staging Stagnation STAIRS STAIRSr Stake-Out Investment stakeholder Stakeholders Stale Price Stale Price Arbitrage Stalking Horse Stalking Horse Bid Stalwart Stamp Duty Stamp Tax Stand up to Stand-Alone Company Stand-Alone Principle Standard & Poor's Standard & Poor's 100 Stock Index Standard & Poor's 400 Stock Index Standard & Poor's 500 Index			stagged stagged stagged stagged stagged stagger stagger stagger stagger stagger stagger around stagger bush stagger bush stagger from stagger head stagger in stagger out stagger under stagger weed stagger-tooth cutter stagger-tuned amplifier stagger-tuned filter staggerbush staggered staggered staggered staggered staggered staggered blastholes Staggered Board Staggered Board of Directors Staggered Boards Staggered Boards of Directors Staggered conformation Staggered conformation staggered course Staggered Directorship staggered directorships staggered directorships Staggered Entry Strategy staggered head staggered hours staggered maturities staggered partition Staggered phase shift keying Staggered Pin Grid Array Staggered Pin Grid Array Staggered PRF During Search Staggered Quadra Pseudo-Random Noise Staggered Quadrature Amplitude Modulation Staggered Quadrature Offset Raised Cosine Staggered Quadrature Phase-Shift Keying Staggered Quadriphase Pseudonoise staggered riveting Staggered spinup Staggered Term staggered terms staggered terms Staggered Traffic Signals

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