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On the Supposed Independence of Two-Tier Boards

On the Supposed Independence of Two-Tier Boards

Maassen, G.F. and Bosch, F.A.J. van den (1999). On the Supposed independence of Two-tier Boards: Formal Structure and Reality in the Netherlands, Corporate Governance: An International Review, 1:31-37.

This paper outlines the formal structure of Dutch two-tier boards and compares the formal structure with the reality of board practices of the largest Dutch companies listed at the Amsterdam Stock Exchanges. This comparison questions the supposed independence of two tier boards.

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