CFA Practice Question

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CFA Practice Question

A management board typically exists in a ______ board structure.

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).
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