Worker board representation operates successfully in countries such as Sweden, Norway and Ireland, who have a unitary board structure, as we do in the UK, as well as in countries that have a two-tier board
structure, such as Germany and Austria.
Ahold Delhaize will be based in the Netherlands and governed by a two-tier board
comprising a supervisory board (seven members from each company) and a management board.
"In its governance mode the BBC operates a two-tier board
structure which leads to confused responsibilities.
In 2002, the statutory creation of a modified two-tier board
(8) In contrast, in Germany (and Austria), supervisory and executive tasks are separated by law and are allocated, respectively, to a supervisory board and a management board, which establishes a clear division of responsibilities (two-tier board
Under Germany's two-tier board
structure for listed companies, senior managers including the chief executive are appointed by the non-executive supervisory board.
Axel Springer SE will continue to be managed by a two-tier board
structure comprising the Management Board and the Supervisory Board.
This system generally uses a two-tier board
structure, dividing board functions between a supervisory board and a management board.
(49) Particularly in Member States where the SE is competing with national corporate forms governed by a two-tier board
, SE-incorporators have frequently resorted to the one-tier structure.
Behind CVL's public persona, is a two-tier board
. On one sit volunteers from the business sector who drive its growth.
Similar approaches have also been used in South Africa under the King report (known as King II) and, despite its two-tier board
system, in the Netherlands.
Other corporate governance initiatives proposed in the Action Plan cover: achieving better information on the role played by institutional investors in corporate governance; giving further emphasis to the principle of proportionality between capital and control: offering to listed companies the choice between the one-tier and two-tier board
structures; and enhancing directors' responsibilities for financial and key non-financial statements.