two-tier board

A method of running a large organization in which, in addition to a board of management, there is a supervisory board. It is claimed that this provides an effective method of corporate governance and is used in some European countries. In the UK, the normal practice is for a single board to consist of both executive and non-executive directors

Accounting dictionary. 2014.

Look at other dictionaries:

  • two-tier board — A method of running a large organization in which, in addition to a board of management, there is a supervisory board It is claimed that this practice, which is common in Continental Europe, provides an effective method of corporate governance In …   Big dictionary of business and management

  • two-tier board — See *board of directors …   Auditor's dictionary

  • Board of directors — For other uses of trustee , trusty , and related terms, see Trustee (disambiguation). Board Room redirects here. For the Board Room member lounge, see Alaska Airlines. trustee in trust redirects here. A board of directors is a body of elected or… …   Wikipedia

  • Board System — spezifische ⇡ Organisationsverfassung der Unternehmensführung. Das B.S. vereinigt Geschäftsführung und Kontrolle in einem Gremium (Vereinigungsmodell). – Gegensatz: ⇡ Aufsichtsratssystem. 1. Rechtlich vertritt der Board of Directors in der US… …   Lexikon der Economics

  • board of directors — A group of *directors with ultimate responsibility for the *stewardship of an organization. Boards of directors have been described as inescapably, the centre of the (corporate) governance system (Cadbury, 2002, 33). Boards exercise their… …   Auditor's dictionary

  • Supervisory board — A supervisory board is a group of individuals chosen by the stockholders of a company to promote their interests through the governance of the company and to hire and supervise the executive directors and CEO.Corporate Governance does vary… …   Wikipedia

  • supervisory board — A board of non executive directors who appoint and oversee the members of the executive boards of many companies in Continental Europe. See two tier board …   Big dictionary of business and management

  • School board (Scotland) — School Boards in Scotland were involved in determining the overall policies, objectives and ethos at the school. Boards have a special duty to promote good relationships between the school, its parents and the community and also form a channel… …   Wikipedia

  • International Rugby Board — Infobox Organization name = International Rugby Board size = 170 px motto = type = Sports federation formation = 1886 headquarters = Dublin, Ireland membership = 115 unions leader title = Chairman leader name = Bernard Lapasset website=… …   Wikipedia

  • Совет директоров — BOARD OF DIRECTORS Группа людей, которые избираются на общем собрании акционеров и несут ответственность за управление компанией. В Совет директоров обычно входят исполнительные директора (executive directors) и директора советники, которые… …   Словарь-справочник по экономике

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