2. The functions of the board of supervisors in the governance of state-owned enterprises are mainly:
(a) to check the implementation of relevant laws, administrative regulations and rules and regulations by enterprises;
(two) to check the enterprise's finance, consult the enterprise's financial accounting data and other materials related to the enterprise's operation and management activities, and verify the authenticity and legality of the enterprise's financial accounting report;
(three) to check the operating efficiency, profit distribution, preservation and appreciation of state-owned assets and asset operation of enterprises;
(four) to check the business behavior of the person in charge of the enterprise, evaluate its management performance, and put forward suggestions on rewards and punishments, appointment and dismissal. Other functions and powers as stipulated in the Articles of Association.
Legal basis: People's Republic of China (PRC) Company Law.
Article 46 The board of directors shall be responsible to the shareholders' meeting and exercise the following powers: (1) Convene the shareholders' meeting and report its work to the shareholders' meeting; (2) Implementing the resolutions of the shareholders' meeting. (3) To decide on the company's business plan and investment plan; (4) To formulate the company's annual financial budget and final accounts; (five) to formulate the company's profit distribution plan and loss compensation plan; (6) To formulate plans for the company to increase or decrease its registered capital and issue corporate bonds; (seven) to formulate plans for the merger, division, dissolution or change of corporate form of the company; (VIII) Deciding on the establishment of the company's internal management organization; (9) To decide on the appointment or dismissal of the company manager and their remuneration, and to decide on the appointment or dismissal of the company's deputy manager and financial officer and their remuneration according to the nomination of the manager; (X) To formulate the basic management system of the company; (eleven) other functions and powers stipulated in the articles of association.
Article 53 The board of supervisors and the supervisors of a company without a board of supervisors shall exercise the following functions and powers: (1) Check the company's finances; (2) To supervise the acts of directors and senior managers in performing the duties of the Company, and put forward suggestions for the removal of directors and senior managers who violate laws, administrative regulations, articles of association or resolutions of the shareholders' meeting; (3) To require directors and senior managers to correct their actions when they harm the interests of the company; (4) Proposing to convene an extraordinary shareholders' meeting, and convening and presiding over the shareholders' meeting when the board of directors fails to perform its duties as stipulated in this Law; (five) to submit a proposal to the shareholders' meeting; (6) To institute legal proceedings against directors and senior managers in accordance with the provisions of Article 151 of this Law. (seven) other functions and powers stipulated in the articles of association.
Article 54 Supervisors may attend board meetings as nonvoting delegates and raise questions or suggestions on matters resolved by the board. The board of supervisors and the supervisors of the company without a board of supervisors may investigate the company's abnormal operation; If necessary, an accounting firm can be hired to assist in the work, and the expenses shall be borne by the company.