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Staggered Board of Directors: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The structure of a staggered board of directors is a common practice in the US. The board members serve different terms so that the:

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1. By limiting majority control a staggered board helps reduce the possibility of a _____.

2. A staggered board can be effectively combined with what is known as a _____, a corporate tactic used to protect a target company from a hostile takeover.

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About This Quiz & Worksheet

This quiz/worksheet combo will help you evaluate your understanding of a staggered board of directors. You will need to know how these boards are organized and the benefits they provide a company.

Quiz & Worksheet Goals

In this quiz you'll test what you know about:

  • The reason staggered board members serve different terms
  • A benefit of limited majority control
  • The necessary steps for a hostile takeover of a company with a staggered board

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson, such as the board type many companies are now moving to
  • Information recall - access the knowledge you've gained regarding methods a corporation can take to protect itself from shifts of control
  • Knowledge application - use your knowledge to answer questions about the benefits a staggered board can provide to a corporation

Additional Learning

If you would like to know more about corporate governance, read the lesson titled Staggered Board of Directors: Definition & Examples. This lesson will help you understand things like:

  • The origin of the staggered board's popularity
  • Effects of cumulative voting
  • Benefits provided by new forms of corporate governance
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