Abstract
Internationally, both one-tier and two-tier boards exist. Within Europe there is a fondamental difference in vision — which has developed historically — with respect to the role of the enterprise, which can also be seen in the choice of a 1-tier or 2-tier system. In the Anglo-American vision, this is a capitalist enterprise with priority to shareholders’ interests (1-tier system). In the Dutch/German vision, the enterprise also has a social role to fulfil and shareholders are only one of the interest groups or stakeholders (2-tier system).
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© 1999 Springer Science+Business Media Dordrecht
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Van den Berghe, L. (1999). Management Versus Board of Directors. In: International Standardisation of Good Corporate Governance. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5185-0_18
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DOI: https://doi.org/10.1007/978-1-4615-5185-0_18
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