What Does Declassification Mean?

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What does Declassification mean? Read on to discover the definition & meaning of the term Declassification - to help you better understand the language used in insurance policies.

Declassification

Declassification

A corporate governance term, referring to a board of directors in which all directors stand for reelection in the same year. Conversely, a classified board, in which directors serve "staggered" terms, is one in which only some directors are up for reelection in any given year.

We hope the you have a better understanding of the meaning of Declassification.

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