IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-85735-6_7.html
   My bibliography  Save this book chapter

Proxy Contest, Staggered Boards

In: U.S. Mergers and Acquisitions

Author

Listed:
  • Felix Lessambo

    (Fordham University)

Abstract

In a proxy fight, the acquirer and the target company use a variety of solicitation methods to influence shareholder votes for members of the board of directors. Shareholders must be sent a Schedule 14A, which contains a substantial amount of financial and other information about the target company; if the proxy fight is over a motion to sell the company, the schedule also includes the terms of the proposed acquisition. The staggered board, also known as “a classified board,” is a mechanism, which allows a board of directors to be elected to staggered terms, typically over three years, rather than annually. When a board of directors is staggered, only one-third of the directors are up for re-election in any given year. Staggered board are formidable antitakeover protection.

Suggested Citation

  • Felix Lessambo, 2021. "Proxy Contest, Staggered Boards," Springer Books, in: U.S. Mergers and Acquisitions, chapter 0, pages 89-107, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-85735-6_7
    DOI: 10.1007/978-3-030-85735-6_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-85735-6_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.