References in periodicals archive ?
We observe that firms in Swiss-French areas and firms in Roman Catholic cantons are more likely to have one-tier boards, whereas two-tier boards are more prevalent in Swiss-German areas and Protestant cantons.
Firstly, in Switzerland, corporations can choose between two forms of board structure: one-tier and two-tier boards.
Banks are obligated to have two-tier boards, and financial firms in general exhibit non-comparable corporate structures (e.
Licht (2001) argues that some factors such as the mandatory two-tier board structure cannot be investigated owing to a limited number of countries where they exist (e.
Swiss law gives all corporate fiduciary duties to one board of directors (one-tier), however, the board is free to delegate (transferable) duties relating to daily business to one or more board members (a delegate or an executive committee) or a separate management team (in the sense of a two-tier board structure).
The effectiveness of corporate governance in one-tier and two-tier board systems: evidence from the UK and Germany.
A comparison between one-tier and two-tier board structures in France.
Mr Higgs did not actually call for two-tier boards.
Whilst not wanting two-tier boards to develop, a workable solution needs to be found that protects non-execs without reducing their accountability.
In real life, the best we can hope from Mr Higgs is any structure that prevents us creeping towards continental-style two-tier boards.