A provision in a publicly traded company's charter or bylaws that allows the board of directors to invoke the supermajority provision. Should the board of directors decide to exercise the board-out clause, then the consent of more than a simple majority of shareholders will be needed for certain actions - especially in the case of a merger or acquisition. This clause is almost always used as an anti-takeover measure.
Related information about board-out clause:
- Board-Out Clause - Financial Dictionary - The Free Dictionary
In a publicly-traded company's charter or bylaws, a provision allowing the board of directors to invoke the supermajority provision. If a board exercises the ...
- Boardable - definition of Boardable by the Free Online Dictionary ...
board-on-board construction · board-out clause · Board-Out Clauses · Board- sailing · Board-sailing · Board/Authority Authorized Course. Boardable. boarded ...
- Board-sailing - The Free Dictionary
Board-Level Test · board-like rigidity · board-on-board construction · board-out clause · Board-Out Clauses. Board-sailing. Board/Authority Authorized Course ...
- What is board-out clause? definition and meaning
Definition of board-out clause: A provision in a publicly traded company's ... Should the board of directors decide to exercise the board-out clause, then the ...
- board-out clause - Business Definition
board-out clause definition: A provision that permits a firm's board of directors to decide whether to enforce a supermajority provision....
- Are Antitakeover Charter Amendments Good ... - The Clute Institute
ment can include a board out clause, which allows the board of directors of the target firm to override the supermajority vote requirement under certain conditions ...
- Super-majority amendment - Wikipedia, the free encyclopedia
In most existing cases, however, the supermajority provisions have a board-out clause that provides the board with the power to determine when and if the ...
- Large Shareholders and the Monitoring of Managers: - Bama.Ua.Edu
second, a “supermajority with board-out” clause, requires a supermajority to approve a merger, but allows the board of directors to waive this requirement.