The staggered board debate has been both heated and
work by Professors Lucian Bebchuk and Alma Cohen, that the staggered
staggered board instead allows directors to bargain for higher takeover
for either banning the staggered board or making the staggered board
It was learned that the idea of a staggered election was already discussed with Yakubu, but that he rejected the idea and insisted that such a move would go against Section 134 of the 1999 Constitution which sees the entire Nigeria as a single constituency for the presidential election.
It was leant that following the refusal of the key leaders of the INEC Election Management Board to comply with the option of staggered presidential elections, the forces decided to reach a number of staff of the commission, who were said to have colluded in frustrating the delivery of sensitive items at the different states of the federation.
Ward 3 Alderman Scott Williamson said staggered elections would help prevent a "perfect storm" of the city council losing all continuity and institutional memory on a single Election Day.
Prospect Heights used to have staggered elections when there were twice the number of aldermen, but that wasn't retained when the size of the council was reduced through a November 2002 referendum, he said.
"I believe it to be a good idea," Williamson said of restoring staggered elections.
Meanwhile, a secondary school teacher in Alor Setar, who only wanted to be known as Balqis, said the proposed staggered school holidays would be a constraint to married couples living far apart to holiday together.
Private sector worker Zainudin Ali, 53, who agreed with the proposal, said: 'When staggered school holidays are implemented, the problem of traffic congestion can be reduced and we are able to take a quieter and more relaxing vacation as there is no need for a crowded tourist presence in a particular area.
Meanwhile, Johor's SMK Puteri Wangsa Parents-Teachers Association (PTA) president Rahilah Abdullah argued that the cost of a holiday would fall if the proposed staggered school holidays was accepted while tourist spots would not be too crowded to visit.
"The staggered board was put in place so somebody might be able to come in and buy a company in the public market, but it would take them some time to be able to replace the directors because there would usually be just one-third of the board reelected each year, but [staggering] is now rightly going away," he says.
Gross says another issue with staggered boards is that it makes it difficult for shareholders to send signals to management about their overall feelings of the company.
Companies that have previously had staggered terms are taking time to adjust.