With regard to the board of directors of a corporation,China has adopted a two-tier board structure.

Question

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A two-tier board of directors consists of a management board (all executive directors)and a separate supervisory board (all nonexecutive directors).German corporation law,for example,requires all corporations to have two boards.In recent years,China has followed the German model and adopted a two-tier board structure,with both a board of directors and a supervisory board.

With Regard to the Board of Directors of a Corporation,China