Management Change
/ˈmænɪdʒmənt ʧeɪndʒ/
Definitions
- (n.) A legal or formal alteration in the composition, structure, or personnel of an organization's management body, often triggering contractual or regulatory consequences.
The shareholders approved the management change, prompting a revision of the company's governance policies.
Forms
- management change
- management changes
Related terms
See also
Commentary
Management change clauses are frequently critical in contracts to specify rights and obligations triggered by shifts in leadership or control.
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.