Asked by Salvador Ramirez on Jul 06, 2024
Verified
With regard to the board of directors of a corporation,China has adopted a two-tier board structure.
Two-Tier Board
A corporate board structure consisting of two separate boards: the supervisory board and the management board, each with distinct responsibilities.
- Differentiate between types of corporations based on structure, purpose, and ownership.
Verified Answer
SG
Sergio GaldamezJul 08, 2024
Final Answer :
True
Explanation :
A two-tier board of directors consists of a management board (all executive directors)and a separate supervisory board (all nonexecutive directors).German corporation law,for example,requires all corporations to have two boards.In recent years,China has followed the German model and adopted a two-tier board structure,with both a board of directors and a supervisory board.
Learning Objectives
- Differentiate between types of corporations based on structure, purpose, and ownership.
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