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9. Management 9.1 Management StructureRemark : Management Structure as at 31 December 2008The Companies management structure comprises the Board of Directors and another four subcommittees, namely,
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How to fill out one-tier vs two-tier board

01
One-tier board:
02
Identify the specific roles and responsibilities of each board member.
03
Ensure that the board is composed of diverse individuals with varying expertise.
04
Establish clear communication channels and decision-making processes within the board.
05
Two-tier board:
06
Differentiate between the management board, which handles day-to-day operations, and the supervisory board, which oversees the management board.
07
Clearly define the roles and responsibilities of each board, ensuring that there is no overlap.
08
Implement regular communication and coordination between the management and supervisory boards.

Who needs one-tier vs two-tier board?

01
One-tier board is suitable for smaller companies with simpler corporate structures.
02
Two-tier board is more appropriate for larger corporations looking to separate management and oversight functions.

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A one-tier board consists of a single board of directors that includes both executive and non-executive members, functioning collectively for governance. In contrast, a two-tier board features a separation between the supervisory board and the management board, where the supervisory board oversees the management board and is responsible for decision-making.
The requirement to file one-tier or two-tier board structures typically depends on the regulatory framework of the jurisdiction in which a company operates, with specific guidelines set for different types of companies and their governance structures.
Filling out the one-tier and two-tier board forms typically involves providing information about the members of the board, including their roles, tenure, and any relevant personal or professional details, as required by the governing body.
The purpose of a one-tier board is to streamline governance and decision-making by having all members operate collectively, while a two-tier board aims to enhance oversight by separating management from supervisory roles, ensuring better checks and balances.
The information reported typically includes the names and positions of board members, their qualifications, meeting attendance records, decision-making processes, and any conflicts of interest or related party transactions.
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