analysis, we find the value effect of a staggered board becomes
to the positive or negative wealth effects of a staggered board.
terms of wholesale policy efforts to adopt or repeal staggered boards,
retention, and removal of the staggered board provision, which are
that the staggered board is endogenous, and that the decision to adopt
(or not) the staggered board is unique to each firm and its
the staggered board must be waged at the individual firm level.
analyzing various legal proposals related to the staggered board, and
unfortunately does not match reality and the staggered board is neither
firm-specific approach should be adopted for the staggered board.
The staggered board, sometimes called a classified board, is a
mechanism which allows a board of directors to be elected to staggered