Cloudera, which has a classified Board
, will appoint Messrs.
The staggered board, sometimes called a classified board
, is a
Prasad will be a Class III director on Townsquare's classified Board
and will be up for re-election at the company's 2020 annualshareholders' meeting.
Ln (Premium) = [a.sub.0] + [b.sub.1] Board Size + [b.sub.2] Board Independence + [b.sub.3] CEO - COB Duality [b.sub.4] + Classified Board
+ [b.sub.5] Blocks(%) + [b.sub.6] D&O Own + [b.sub.7] Dual Class + [b.sub.8] CEO Total Compensation + [b.sub.9] CEO Incentives + [b.sub.10'] Severance + [b.sub.11] Employment Arrangement + [b.sub.12] Size + [b.sub.13] Tobin's Q + [b.sub.14] Free Cash Flow + [b.sub.15] Debt/Equity + [b.sub.16] Return on Assets + [b.sub.17] Prior Litigation + [b.sub.18] US Listing + [b.sub.19] Year 2000 + [b.sub.20] Year 2005 + [b.sub.21] Abnormal Coverage + e.
Finally, we examine one of the most powerful takeover deterrents, the combination of a classified board
and a poison pill.
membership is built on staggered terms, which often can be used as a defensive measure to hold off a potential hostile takeover.
The stockholder meeting has approved management's proposals relating to corporate governance matters, including the removal of the company's classified board
of directors, reduction of the vote requirements for certain actions needing stockholder approval, and annulment of the limitation on stockholders' ability to vote shares in excess of specified ownership thresholds, it said.
Boards classified as W/D Class 3 were excluded from this figure, making the number of classified board
surfaces in Series A, B, and C for spruce 20, 46, and 46, and for pine 18, 34, and 16, respectively.
The strategy was based on the presence of "entrenching" governance provisions, such as a classified board
or a poison pill, which insulate managements from the discipline of the market for corporate control.
the classified board
, the poison pill, the plurality vote, and so on and
Advertisers that submit a listing to any edgeio Classified Board
also may create, schedule, and pay for an ad listing for publication in print and/or online versions of participating geographically relevant newspapers.
Also at the meeting stockholders approved the declassification of the company's board and elimination of the supermajority vote requirement for reinstating a classified board