damit :
● The election of two Class III directors to serve until the 2021 Annual Meeting of Stockholders;
also :
Staggered Board Debate
Critics of staggered boards believe that a company entrenches the board directors, who therefore may be less likely to work hard in the interests of shareholders if they do not feel external pressure to maintain high levels of corporate performance. If this board system deters potential activist investors or unsolicited bidders who have genuine intentions to boost shareholder value, then shareholders can miss out. However, on the flip side, a staggered board can serve as a protective shield for a company against a large investor looking for a quick score or a hostile bidder who might desire to carve up the company. In addition, more board continuity can be viewed as a positive factor in corporate governance, as longer-term strategic plans of a company could be better executed.
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