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Comparing Major International Corporate Governance Models - A Convergence of One-tier and Two-tier Board Models.pdf Download

Description:

This paper compares Anglo-Saxon one-tier and Continental-European two-tier corporate board models regarding board’s involvement in decision-making.

From the consensus and conflict perspectives of board organization, propositions are introduced on the relationship between key board model attributes and the integration or separation of the managing directors’ decision-management role and the non-executive directors’ decision-control role. Furthermore, propositions are introduced to elucidate a possible tendency towards the convergence of one-tier and two-tier board models.

A survey of 50 of the largest Dutch firms listed at the Amsterdam Stock Exchanges suggests support for the paper’s theoretical notions on board model convergence.

Submitted On:

15 Jul 2011

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Submitted On:

15 Jul 2011