Under the three tiers of corporate power in ________, the board of directors is the lowest, the board of supervisors makes up the second, and corporate officers compose the top tier.

A) the Netherlands
B) the United States
C) China
D) Japan
E) Europe

In China, the corporate governance structure is distinctively organized into three tiers: the board of directors, the board of supervisors, and the corporate officers, with the board of directors being the lowest tier, the board of supervisors the second, and the corporate officers at the top. This structure is part of China's efforts to incorporate elements of Western corporate governance practices while maintaining control mechanisms suited to its socialist market economy.