Brief Note on Staggered Boards

Paine, Lynn Shar Hurwitz, Will

  • ケース
  • 新着ケース
HBP

This background note discusses the evolution, use, and prevalence of staggered boards. By comparison with unitary boards whose members are all elected annually for one-year terms, staggered boards are divided into subsets of directors, with one subset up for election each year, typically for three year terms. While 61% of the S&P 500 had staggered boards in 2002, the practice largely fell out of favor in ensuing decades, and only 12% had one in 2022. This note discusses what staggered boards are and how they evolved; arguments for and against them from critics and proponents; developments leading to their decline; the academic research on their potential effects broadly and on certain types of firms; and the legal approaches to staggered boards in the United States as well as the diverse approaches to staggered boards internationally.

出版日
2022/12
領域
ビジネス・行政関係
ボリューム
7ページ
コンテンツID
CCJB-HBS-323040
オリジナルID
323040
ケースの種類
Case
言語
英語
カラー
製本の場合、モノクロ印刷での納品となります。