staggered board of directors

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Noun

staggered board of directors - a board of directors a portion of whose members are elected each year instead of all members being elected annually

board of directors, directorate - a group of persons chosen to govern the affairs of a corporation or other large institution

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A letter attached to the SEC filing requested that Tweeter's board of directors submit to its shareholders during the retailer's 2006 annual meeting a proposal to terminate its poison pill plan and eliminate a provision of its "certificate of incorporation that provides for a staggered board of directors."

WATTLES ASKS TWEETER TO DROP POISON PILL

staggered board of directors, with 207 firms (or 8096 of the total

The shareholder value of empowered boards

Approximately 65 percent of the New York Stock Exchange listed companies headquartered in Florida have adopted either a shareholder rights plan or a staggered board of directors, or both.