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staggered board of directors

   Also found in: Financial, Wikipedia 0.01 sec.
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Noun1.staggered board of directors - a board of directors a portion of whose members are elected each year instead of all members being elected annually
board of directors, directorate - a group of persons chosen to govern the affairs of a corporation or other large institution


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Approximately 65 percent of the New York Stock Exchange listed companies headquartered in Florida have adopted either a shareholder rights plan or a staggered board of directors, or both.
The Restated Certificate of Incorporation also provides for a staggered board of directors, which will result in one third of the directors standing for election in any year.
Therefore, with reluctance, I have resolved to initiate a proxy campaign to ask shareholders to amend Kimber's articles to remove the provisions for a staggered Board of Directors and to elect a new board of directors who will appoint new management dedicated to representing the interests of all the shareholders of Kimber Resources," Puplava said.
 
 
 
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