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Staggered Board Of Directors
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Also referred to as classified board of directors, a structure that divides the board of directors of a company into two or more classes, only one of which is elected each year (thereby staggering the board's directorships). For example, a typical staggered board could have nine directors grouped into three classes, each with three year terms and each class elected in each of three successive years.
Created By:
Russell Benasaraf
03-18-2014
Last Updated By:
Russell Benasaraf
03-18-2014
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