| 单词 | two-tier board |
| 释义 | two-tier board 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 the UK, the normal practice is for a single board to consist of both executive and non-executive directors. |
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