staggered board terms; staggered terms for directors
A corporate governance term: directors are elected for overlapping terms so that only a portion of the board is up for election each year, making hostile takeovers more difficult. Used in legal and business contexts.
More companies are introducing staggered board terms as a defensive measure against hostile takeovers.
Staggered board terms prevent all directors from being replaced at once by staggering their terms.
Hostile takeover; the threat that staggered board terms are designed to counter.
Takeover defense measures; a broader category that includes staggered board terms.
Compound of 期 (term), 差 (difference/stagger), 選任 (election/appointment). The term is a direct calque from English 'staggered terms' used in corporate law.