ACCA Strategic Professional · Strategic Business Leader · The board of directors
Valtara plc has a single board on which executive directors and non-executive directors sit together and share collective responsibility for strategy and oversight. A consultant describes this arrangement to the chair. Which board structure does Valtara plc operate?
Valtara operates a unitary board. Executive and non-executive directors sit together on one board and share collective responsibility for strategy and oversight, which is the defining feature of the unitary model, unlike the two-tier model with separate supervisory and management boards.
- AA unitary boardCorrect
- BA two-tier board
- CA supervisory board with a separate management board
- DA board of advisers with no legal responsibility
Explanation
A unitary board is a single board containing both executive and non-executive directors who share collective responsibility. A two-tier structure would have separate supervisory and management boards, which Valtara does not have.
Did you get it right without looking?
One question tells you little. A timed set on The board of directors shows your real accuracy, how long you take and where you lose marks.
More The board of directors questions
- At Brightwell Group, the finance director sits on the remuneration committee and helps decide the chief executive's bonus. The bonus is base…
- Zephyra plc, a listed manufacturer, is setting up a remuneration committee. The chair of the board proposes that the chief executive, Mr Lan…
- Orlin plc's shareholders passed a non-binding vote against the remuneration report, with 38% opposed. The remuneration committee chair argue…
- Marlow Energy plc has a risk-intensive operating model. The board wants a committee of non-executive directors to review the company's risk …
- Kestrel Foods plc has a unitary board. The chair, Amara, also acts as chief executive and dominates every decision. Two shareholders complai…
- Halvard Group has a combined chair and chief executive, Mr Dahl, who has led the company for 15 years. The five non-executives were all appo…