Board Transition
/ˈbɔːrd trænsˈɪʃən/
Definitions
- (n.) The process of transferring governance and responsibilities from one board of directors to another, typically during corporate or organizational changes.
The board transition was completed smoothly to ensure continuity in leadership.
- (n.) The formal legal and procedural steps involved in changing members or composition of a governing board, including documentation and compliance with regulatory requirements.
The company's legal team oversaw the board transition to meet all corporate governance standards.
Forms
- board transition
- board transitions
Related terms
See also
Commentary
Board transition often requires careful legal oversight to comply with bylaws and regulatory frameworks, ensuring legitimacy and continuity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.