A Staggered Board (classified board) is a board structure where directors are divided into classes and only a portion of directors are up for election each year, which can make it harder to replace the board quickly. In public-company governance and takeover defense, a Staggered Board can deter hostile bids by slowing proxy fights, and Staggered Board provisions are often scrutinized by investors and governance advisors.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
