Technical Analysis Glossary Staggered board of directors

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Technical Analysis Glossary: Staggered board of directors

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Term:

Staggered board of directors

Definition:

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 control of a company`s board through the normal voting procedure.

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9/2/2010 - SV1