1. In a dual board one could describe members of both boards as executives. I can quite understand supervisory board members to be unwilling to work with politi

1. In a dual board one could describe members of both boards as executives. I can quite understand supervisory board members to be unwilling to work with political agents on their board if they feel the firm's not lost yet. 2. Hostile takeovers are hostile to current management. You are obviously free to do what you want with your share. It's the firm treating the takeover as hostile. Shareholders are free to vote in / remove executives in order to change the way a takeover is perceived.