Empirical Study on Outside Director Liability Scope of Research Country Feature U.K. The role of outside director is highly debated. 1.To explore how director liablities in a civil law country Germany 2.To assess the impact of formalizing the role of outside directors through a two-tier board structure Australia Common law jurisdiction Canada France Cicil law jurisdiction Japan South Korea Emerging market country Page5Page  5 Empirical Study on Outside Director Liability  Scope of Research Country Feature U.K. The role of outside director is highly debated. Germany 1. To explore how director liablities in a civil law country 2. To assess the impact of formalizing the role of outside directors through a two-tier board structure Australia Canada Common law jurisdiction France Japan Cicil law jurisdiction South Korea Emerging market country