The length of the directors’ terms is usually specified in the governing documents. It is not necessary for all directors to have terms of the same length, or for all directors’ terms to expire in the same year. Frequently, the governing documents provide for staggered terms, so that fewer than all the board seats are open at one time.

Notice: Only variables should be assigned by reference in /www/wp-content/plugins/ultimate-faqs/Main.php on line 344

Comment on this FAQ