Many companies have staggered or "classified" boards, where the directors are placed into different classes with terms that expire at different times. What are the advantages of having a staggered board? Why do investors prefer that boards be "declassified" so that all directors have to stand for election every year?

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Staggered or classified boards where directors serve different term lengths and have terms that expire at different times have both advantages and disadvantages The preferences of investors regarding ... View the full answer