staggered board
C1CEFR level
92/100Rarity: very rare
TechnicalRegister
Law noun
A board split into classes with only a fraction standing for election each year, slowing any takeover.
With a staggered board, the activist faced two annual meetings just to win a majority, and the bid lost all its momentum.
Business noun
A board structure where only a fraction of directors face election each year, slowing any takeover.
With a staggered board, an activist would need two annual cycles to win control.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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