When directors on a board serve for a fixed term but are not elected all at once it is known as a(n)__________ board.
A) cumulative
B) staggered
C) proxy
D) inside

Question

Quizplus · Accepted Answer

Staggered board refers to directors serving for different lengths of terms, with only a portion of the board being up for election at any given time, which can help provide stability and continuity on a board. The other choices do not accurately describe this type of board structure.

When Directors on a Board Serve for a Fixed Term