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Definition of 'Stagger System'
A method of electing a company's board of directors that puts up only part of the board for re-election in any one year. This method contrasts the system in which all board members go up for re-election annually.
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Investopedia explains 'Stagger System'
Supporters of shareholder rights argue that the stagger system prevents continuity in the boardroom and poses an obstacle in the communication between shareholders and directors. If a director or a group of directors is negatively impacting shareholder value, the stagger system can prolong the damage since shareholders may not be able simply to vote out the undesirable board members at the next annual general meeting.
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Search results for 'Stagger System'
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http://www.investopedia.com/ask/answers/04/061804.asp
... directors. In many cases, companies use a stagger system, in which only
part of the board comes up for re-election in any one year. ...
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http://stocks.investopedia.com/stock-analysis/2010/Wendys-Continues-To-Wobble-WEN-CMG-SONC-JACK-YUM1117.aspx
... fighter, restaurant chain Wendy's/Arby's Group (NYSE:WEN) continues to wobble and
stagger through its ... Arby's system-wide same-store sales were off by 5.9%. ...
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