Staggered Board

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Dictionary Says

Definition of '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 commonly comprised on one-third of the total board members. During each election term only one class is open to elections, thereby staggering the board directorship.
Investopedia Says

Investopedia explains 'Staggered Board'

A staggered board is also known as a classified board because of the different "classes" involved. A staggered board is desirable in many instances of corporate governance because it helps to reduce the risk of a takeover since it would take longer to influence and gain control of a board.
Search results for

'Staggered Board'

  • What is a staggered board?

    http://www.investopedia.com/ask/answers/05/staggeredboard.asp
    A staggered board of directors (also known as a classified board) is a board that
    is made up of different classes of directors. ... What is a staggered board? ...

  • Putting Management Under The Microscope

    http://www.investopedia.com/articles/stocks/05/050205.asp
    ... Thanks to the staggered board, it could take years for shareholders to vote out
    the directors who decided to support the foolish investment decision. ...

  • Corporate Takeover Defense: A Shareholder's Perspective

    http://www.investopedia.com/articles/stocks/08/corporate-takeover-defense.asp
    ... (For related reading, see Proxy Voting Gives Fund Shareholders A Say.) Staggered
    Board of Directors Clauses involving shareholders are not the only escape ...

  • International Paper Makes A Grab For Temple-Inland

    http://stocks.investopedia.com/stock-analysis/2011/International-Paper-Makes-A-Grab-For-Temple-Inland-IP-TIN-RKT-PKG-GPK-KS-MWV0608.aspx
    ... Needs to Sweeten the Pot Considering Temple-Inland's staggered board and poison
    pill, it seems like IP would have its work cut out to make a hostile deal work. ...

  • CEO Success Stories Of 2010 - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1210/CEO-Success-Stories-Of-2010.aspx
    ... Staggered by a near-financial collapse and consumers buried in debt, the ... successfully
    resolved the asbestos liability issues and cut costs across the board. ...

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