Staggered elections can be altered on a one-time basis to open all seats...
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Accounting
Staggered elections
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can be altered on a one-time basis to open all seats on the board to a simultaneous vote if shareholders approve a standstill agreement.
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increase the probability that a firm will be acquired by a stronger competitor.
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increase the difficulties incurred when trying to replace the board of directors.
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are set forth in supermajority amendments.
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allow a portion of the board members to be elected on a permanent basis.
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