1. 董事轮换制 董事轮换制(Staggered Board Election)是指在公司章程中规定,每年只能更换三分之一(或其他比例)的董事,这意味着即使 … zhidao.baidu.com|基于26个网页 2. 分期分级董事会制度 并购的攻防_高胜杰_新浪博客 ...分期分级董事会制度(Staggered Board Election) 公平价格条款( Fair price provision) ...
Keywords: Staggered board election, equity financing cost, debt financing cost, cumulative voting, China. JEL codes: G30; M21.doi:10.1002/ijfe.1897Chen YugangLiu YuYasir ShahabZhou YuanInternational Journal of Finance & Economics
A staggered board is an assemblage of board of directors in which a part of the board gets elected every year. Such an election involving a staggered board is known as a staggered election. Since a staggered board comprises various classes of directors, it is also referred to as a classified...
Divestopedia Explains Staggered Board Practiced in U.S. corporate law, staggered boards are often used to prevent hostile takeovers. Potential acquirers are forced to wait longer to take control of the board. Director elections occur on an annual basis. At an election, shareholders are asked to...
The term “staggered board” refers to the arrangement of the board members in such a way that it has members stratified into different classes. In other words, there are multiple classes of directors on the board, and only one has to go through the member election process at any given tim...
election. If Company C manages to take over all the seats in that election, the company will fail to achieve a board majority, only acquiring four out of the 12 total seats. Therefore, it will take Company C an additional year to acquire a board majority and take over the target company...
Membership terms for a firm's directors that expire in different years. A firm with 12 directors might have 4-year terms with 3 seats up for election each year. Staggered terms make it more difficult for a raider to gain control of a board. ...
Hoitash The costs of intense board monitoring J. Financ. Econ., 101 (1) (2011), pp. 160-181 Google Scholar Faleye et al., 2014 O. Faleye, T. Kovacs, A. Venkateswaran Do better-connected CEOs innovate more? J. Financ. Quant. Anal., 49 (5–6) (2014), pp. 1201-1225 Google ...
Elections for the directors of staggered boards occur as terms expire. At each election, shareholders are asked to vote to fill whatever positions of the board that are vacant or up for reelection. Terms of service for elected directors vary, but terms of one, three, and five years are comm...
How a Staggered Board Works A staggered board is also known as aclassified boardbecause of the different classes involved. During each election term, only one class of positions are open to new members, thereby staggering the number of openings available within the board directorship at any one ...