A Dual Board or Two Tier system is a corporate structure system that consists of two bodies i.e. the Council of Delegates to govern the Board of Directors and the Board of Directors to manage a corporation. The roles and relationships between the two bodies vary across countries. The structure is composed of two bodies, the "Management Body" and the "Governance Body", each of with different roles.[1]
In Germany, the Dual Board system is prescribed for corporations that are listed on the stock market (e.g., Lufthansa, and Adidas). It is argued that this approach better serves the objectives of a social market system.[2]
Using a two tier system might also result in "more monitoring" and "less aggressive performance targets". It might also be "less efficient" from a financial market perspective.[3] It has been suggested that financial efficiency may be impeded by reduced communication, and the higher costs of running a Dual Board.[4]
^James (19 October 2012). "What is a dual board system". The Law Dictionary. Retrieved 26 October 2014.
^Government Commission. "German corporate governance code" (PDF). Archived from the original (PDF) on 28 May 2015. Retrieved 26 November 2014.
^Carrasco, Vinicius. "Corporate Board Structure, Managerial Self-Dealing, and Common Agency" (PDF). Retrieved 26 October 2014.
^Aras, Crowther, Güler, David. "A Handbook of Corporate Governance and Social Responsibility" (PDF). Retrieved 26 October 2014.{{cite web}}: CS1 maint: multiple names: authors list (link)
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