Staggered Voting in a Corporation

The video explains staggered elections, a method to ease administrative burdens and maintain leadership continuity by electing a portion of board members at different times. This approach prevents sudden changes in board structure, acting as a defense against takeovers. It ensures that replacing all directors takes time, thus discouraging hostile attempts.

Explain the concept of continuity of leadership during board changes.

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What would happen if all directors came up for reelection at the same time?

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