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.

Learn why you should incorporate in Delaware

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