Definitions for "Staggered board of directors"
board of directors only a part of which is elected each year, usually to discourage takeover attempts.
A board of directors divided into classes (typical... Add a comment
Occurs when a portion of directors are elected periodically, instead of all at once. Board terms are often staggered in order to thwart unfriendly takeover attempts, since potential acquirers would have to wait longer before they could take control of a company's board through the normal voting procedure.