Article 51 of the Company Law stipulates that a limited liability company shall set up a board of supervisors with not less than three members. A limited liability company with fewer shareholders or smaller scale may have one or two supervisors instead of a board of supervisors.
Although a limited liability company can choose not to set up a board of supervisors, it still needs to establish some necessary supervision mechanisms. For example, a company can set up an internal audit institution or hire an independent third party to conduct an audit to ensure the normal operation and compliance of the company.
In addition, the company's senior managers, such as the chairman and general manager, can also serve as the company's supervisors to achieve internal monitoring.