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单词 staggered directorships
释义

staggered directorships

staggered directorships A measure used as a defence against unwanted takeover bids. If the company concerned resolves that the terms of office served by its directors are to be staggered and that no director can be removed from office without due cause, a bidder cannot gain control of the board for some years, even if he has a controlling interest of the shares. Seepoison pill.

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更新时间:2025/4/10 21:44:56