- CFA Exams
- CFA Level I Exam
- Topic 3. Corporate Issuers
- Learning Module 2. Investors and Other Stakeholders
- Subject 2. Corporate Stakeholders and Governance
CFA Practice Question
A management board typically exists in a ______ board structure.
B. two-tier
C. three-tier
A. one-tier
B. two-tier
C. three-tier
Correct Answer: B
A two-tier structure consists of a supervisory board and a management board.
User Contributed Comments 3
| User | Comment |
|---|---|
| nemanjad88 | There is nothing about this in AN Study Notes... |
| khalifa92 | well it is in the quizz sammury to remind us to check it up. |
| khalifa92 | one-tier structure consists of a single board of directors, composed of executive and non-executive directors, commonly used in United States and United Kingdom. two-tier stracture consists of two seperate boards: 1- Supervisory board (non-exectutive), which oversees the 2- Management board (executive). |