Classified Board
A corporate board structure where only a portion of the Board of Directors (BoD) is elected each year, and usually used to discourage Takeover Bids.
Also referred to as a Staggered Board.
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A corporate board structure where only a portion of the Board of Directors (BoD) is elected each year, and usually used to discourage Takeover Bids.
Also referred to as a Staggered Board.