staggered directorships
British
plural noun
-
commerce a defence against unwelcome takeover bids in which a company resolves that its directors should serve staggered terms of office and that no director can be removed from office without just cause, thus preventing a bidder from controlling the board for some years
"Collins English Dictionary — Complete & Unabridged"
2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986
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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
