According to the Company Law of People's Republic of China (PRC), a large limited liability company, a wholly state-owned company and a joint stock limited company shall have a board of supervisors, and the chairman of the board of supervisors shall be elected by more than half of all the supervisors. The chairman of the board of supervisors shall convene and preside over the meeting of the board of supervisors.
Responsibilities of the chairman of the board of supervisors
1, check the company's finances.
2. Supervise the performance of directors and senior managers in the Company's duties, and put forward suggestions for the removal of directors and senior managers who violate laws, administrative regulations, the Articles of Association or the resolutions of the shareholders' meeting.
3. When the acts of directors and senior managers harm the interests of the company, they are required to correct them.
4. Propose to convene an interim shareholders' meeting, and convene and preside over the shareholders' meeting when the board of directors fails to perform its duties as stipulated in this Law.
5. Put forward proposals 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.
7. Other functions and powers as stipulated in the Articles of Association.