staggered terms

staggered terms definition - business

staggered terms

Membership terms for a firm's directors that expire in different years. A firm with 12 directors might have four-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.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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