Staggered Election

Staggered Election
A system of electing a percentage of the board of directors of a public corporation, usually one third, each year for a period of from one to three years. The purpose of staggering the elections is to slow any attempts to take over the corporation.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.