Startup Terms Glossary
What is a Staggered Board?
When a new startup company is established, a group of people called a board of directors is appointed to make company decisions together. Startups that want to prevent a hostile takeover bid will often implement a staggered board. This splits a board of directors up into three to five categories, which each director having a pre-determined amount of time that they will serve.
Staggered Board Examples
Examples of elements of a staggered board:
- Example 1. Board seats are only made available in portions
- Example 2. Considered negatively impactful for shareholders
- Example 3. Helps protect against a hostile takeover
Here’s another web page about a staggered board.
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