A supervisory board is a group of individuals chosen by the
stockholders of a
company to promote their interests through the governance of the company and to hire and supervise the executive directors and
CEO.
Corporate Governance does vary between countries, especially regarding the board system. There are contries that have a one-tier board system (like the U.S.) and there are others that have a two-tier board system (like Germany).In a one-tier board all directors (both executive directors as well as non-executive directors form one board.
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