definitions
  • synonyms

staggered directorships

pl n

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

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Nearby words

staggard, staggart, stagger, stagger head, staggerbush, staggered directorships, staggered hours, staggering, staggering bob, staggers, staggy
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012