This paper outlines the formal structure of Dutch two-tier boards and compares the formal structure with the reality of board practices of the largest Dutch companies listed at the Amsterdam Stock Exchanges. This comparison questions the supposed independence of two-tier boards.

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doi.org/10.1111/1467-8683.00126, hdl.handle.net/1765/11012
ERIM Article Series (EAS)
Corporate Governance (Oxford): an international review
Erasmus Research Institute of Management

Maassen, G., & van den Bosch, F. (1999). On the supposed independence of two-tier boards. Corporate Governance (Oxford): an international review, 7(1), 31–37. doi:10.1111/1467-8683.00126