staggered board

staggered board
A corporation's board of directors in which a fraction of the board is elected each year. In staggered boards, members serve two or three years, depending on whether the board is classified into two or three groups

Black's law dictionary. . 1990.

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  • Staggered Board — A staggered board consists of a board of directors whose members are grouped into classes; for example, Class 1, Class 2, Class 3, etc. Each class represents a certain percentage of the total number of board positions. For example, a class is… …   Investment dictionary

  • staggered board of directors — USA staggered board of directors, Also known as a classified board of directors. A board which is comprised of directors that have different overlapping, multi year terms so that not all of the directors terms expire in the same year. A staggered …   Law dictionary

  • Staggered board of directors — совет директоров, избираемый по частям. Такой порядок избрания совета директоров является средством борьбы с враждебным поглощением, не позволяющим единовременно захватить контроль над компанией. См. также: Советы директоров акционерных обществ… …   Финансовый словарь

  • Staggered board of directors — A staggered board of directors or classified board is a prominent practice in US corporate law governing the board of directors of a company, corporation, or other organization in which only a fraction (often one third) of the members of the… …   Wikipedia

  • Staggered Board of Directors — A staggered board of directors occurs when a corporation elects its directors a few at a time, with different groups of directors having overlapping multi year terms, instead of en masse, with all directors having one year terms. Each group of… …   Wikipedia

  • staggered board — A corporation s board of directors in which a fraction of the board is elected each year. In staggered boards, members serve two or three years, depending on whether the board is classified into two or three groups …   Black's law dictionary

  • 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… …   Financial and business terms

  • staggered board of directors — noun a board of directors a portion of whose members are elected each year instead of all members being elected annually • Hypernyms: ↑directorate, ↑board of directors …   Useful english dictionary

  • STAGGERED BOARD OF DIRECTORS — совет директоров компании, в котором только часть директоров переизбирается каждый год (а не все одновременно). Часто подобная система используется для того, чтобы предотвращать недружественные попытки поглощения (takeover), поскольку… …   Финансово-инвестиционный толковый словарь

  • board — An official or representative body organized to perform a trust or to execute official or representative functions or having the management of a public office or department exercising administrative or governmental functions. Commissioners of… …   Black's law dictionary

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