Menu
IncNow is proud to be awarded Best for the World 2021!

Classified Board of Directors

By IncNow | Published October 8, 2013

A board of directors that is split into different classes, such as directors with different terms of office. This can be a defensive tactic to prevent stockholders from changing the corporate directors too quickly because the new directors are elected periodically, such as a rotating board with 1/3 of the directors every three years.

When deciding where to form your company, consider that Delaware has advantages over your home state that may benefit you. Go