staggered board of directors

What are the Advantages of a Staggered Board?

1. Stability and Continuity: Staggered boards offer stability by ensuring that not all board members are replaced at once, allowing for a smooth transition and continuity of policies and strategies.
2. Defense Against Hostile Takeovers: By making it harder for an entire board to be replaced in one election cycle, staggered boards can deter hostile takeovers, giving the company more leverage and time to negotiate better terms.
3. Focus on Long-Term Goals: Directors with longer terms are less likely to be swayed by short-term market pressures and can focus on the long-term growth and health of the company.

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