PLEASE CIRCLE THE CORRECT ANSWER!

1) The German model of governance in large companies includes:

A two-tier governance/board structure

A single-tier governance/board structure

A combined board consisting of management, shareholder representatives and other stakeholders

None of the above

2) In a two tiered board structure

The management board appoints the supervisory board

The supervisory board appoints the management board

The CEO reports to shareholders

The Chairperson reports to the CEO

3) Japanese board structures are unique in that:

The boards consist of a large number of insiders such as management

Banks often have representatives sit on the boards of their customers

Both A and B