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staggered board of directors

/ˈstæɡərd bɔːrd əv dəˈrɛktərz/

1 entry

phrase

/ˈstæɡərd bɔːrd əv dəˈrɛktərz/C1formalbusiness
  • ruСтруктура корпоративного управления, при которой директора делятся на классы с перекрывающимися сроками полномочий, так что ежегодно избирается только часть совета, что затрудняет враждебному поглощению замену всего совета сразу.

A corporate governance structure where directors are divided into classes with overlapping terms, so only a portion of the board is elected each year, making it difficult for a hostile takeover to replace the entire board at once.

  1. Classified board structureC1formal

    A corporate governance structure where directors are divided into classes with overlapping terms, so only a portion of the board is elected each year.

    ruКлассифицированная структура совета директоров

    • The company adopted a staggered board of directors to prevent hostile takeovers.
    • Shareholders voted to declassify the staggered board of directors.
    • A staggered board of directors typically has three classes with three-year terms.