Classified board
Classified board is a board of directors with staggered terms. For example, a board with one-third of the seats filled each year and directors serving three year terms.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Classified board. A board of directors with staggered terms. For example, a board with one-third of the seats filled each year and directors serving three year terms.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
