A Brief History Of NEDs – From Zero via Guinea-Pig to being the Gods Of Governance
In the prior article we looked at how the VOC, the Dutch East India Company, shareholders waged a twenty-year campaign to get some influence on the governance of the business that their funds had created and ended up importing an abbreviated version of the EIC, the English East India Company's two-tier Board. An episode so forgotten over the intervening centuries that business schools these days teach that two-tier Boards reflect "continental" attitudes to Governance in comparison to the allegedly Anglo-Saxon single-tier Board. It is at times like those that I look to the title of a book on my shelf