When directors on a board serve for a fixed term but are not elected all at once it is known as a ________ board.

Question

Quizplus · Accepted Answer

A staggered board is where directors serve for a fixed term, but they are not all elected at the same time. This means that there is a rotation of directors, and some may be up for election while others are not. This is also known as a classified board. The other answer options are not applicable to this scenario.

When Directors on a Board Serve for a Fixed Term