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.
and a two-tier board
structure in the articles of association.
A two-tier board
, on the other hand, consists of a management board and a supervisory 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.
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.
Companies listed in the EU should be given the option of having a unitary board structure (with executive and non-executive directors) or a two-tier board
structure (with managing directors and supervisory directors).
As of the spin-off date Acordis was expected to be registered in The Netherlands and have a two-tier board
system with a supervisory board and a board of management.
Ironically, Gonzaga has a two-tier board
that sets it apart from most of the nation's 28 Jesuit colleges and universities because Jesuits retain greater control.