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Glossary

Glossary

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Published by: meetwithsanjay on Apr 03, 2010
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05/24/2012

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A board of directors in which only a certain number of the directors say, a third, are elected each
year. This is considered one effective method through which a company might protect itself against an
unwelcome takeover attempt. With a staggered board, an outside group could only obtain control of a
minority of the board of directors in any given year, since holdover directors elected in earlier years
would continue to serve.

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