Robin Sidel.Staggered Terms for Board Members Are Said to Erode Shareholder Value,Not Enhance It. The Wall Street Journal . 2002Robin Sidel.Staggered Terms for Board Members Are Said to Erode Shareholder Value,Not Enhance It.The Wall Street Journal. 2002...
while the terms for Class II and Class III members are expected to expire by May 2023. On the other hand, all 12 directors in BNM Inc. have their terms scheduled to expire by
Staggered Terms An arrangement whereby only a certain number of members of aboard of directorsare elected in a given year. For example, a board of directors may have 10 members serving five year, staggered terms where two new members are elected each year. In addition to giving the board con...
Board members serve staggered four-year terms, with new directors replacing outgoing ones each year. arranged so as to alternate on either side of a center: A circular base approximately 2 meters in diameter is placed atop a couple of staggered layers of brick to allow for aeration from below...
is a governing board of directors of an organization in which approximately one third of the members are elected each term. The directors are organized into different groups and each group falls within a specified class.There are typically three classes of members. Board members’ terms expire at...
Members should serve for fixed terms,staggeredtoensure that the committee membership is renewed on a rotating basis. unesdoc.unesco.org unesdoc.unesco.org 委员会委员定期轮换,确保其组成通过轮换不断更新。 unesdoc.unesco.org unesdoc.unesco.org
a staggered board can come across as a bargaining tool for a firm that can use it to negotiate terms to its advantage with potential acquirers. Moreover, staggered boards can potentially strengthen a firms long-term commitments with its partners by encouraging management to partake in long-term ...
A staggered board structure promotes staggered terms. That is, at any given election period, only a fraction of the board members are ending their tenure or getting elected. Consider our example of a board of 15 members with three five-member classes. If there is an election, only five memb...
who serve terms of different lengths. A staggered board is typically established to dissuade a potentialhostile takeover bid. A typical staggered board has three to five classes of positions on the board, each carrying terms of service that vary in length, allowing for a staggering of elections...
Staggered board structure is the process of structuring the board of directors so that members fall into different classes with different terms. In a staggered board, some committee members are designated longer terms compared to others. Sometimes boards are staggered to assign different levels of res...