Section 1 Duties of the Board of Supervisors
Article 59 The board of supervisors of a listed company shall be responsible to all shareholders, supervise the company's finance and the legal compliance of the company's directors, managers and other senior management personnel in performing their duties, and safeguard the legitimate rights and interests of the company and shareholders.
Article 60 A supervisor has the right to know the operation of the company and undertake the corresponding obligation of confidentiality. The board of supervisors may independently employ intermediary agencies to provide professional advice.
Article 61 A listed company shall take measures to protect supervisors' right to know and provide necessary assistance for supervisors to perform their duties normally. No one can interfere or obstruct. The reasonable expenses required for supervisors to perform their duties shall be borne by the company.
Article 62 The supervisory records and financial or special inspection results of the Board of Supervisors shall serve as an important basis for evaluating the performance of duties of directors, managers and other senior management personnel.
Article 63 The board of supervisors may report to the board of directors, the shareholders' meeting or directly to the securities regulatory body and other relevant departments if it finds that directors, managers and other senior managers have violated laws, regulations or the articles of association.
Section 2 Composition and Rules of Procedure of the Board of Supervisors
Article 64 A supervisor shall have legal, accounting and other professional knowledge or work experience. The personnel and structure of the board of supervisors shall ensure that the board of supervisors can independently and effectively supervise and inspect the directors, managers and other senior managers as well as the company's finances.
Article 65 A listed company shall stipulate standardized rules of procedure of the board of supervisors in its articles of association. The meeting of the board of supervisors shall be conducted in strict accordance with the prescribed procedures.
Article 66 The Board of Supervisors shall hold regular meetings, and convene temporary meetings in time as required. If the meeting of the board of supervisors cannot be held as scheduled for some reason, it shall be announced and the reasons shall be explained.
Article 67 The board of supervisors may require the directors, managers and other senior managers of the company, and internal and external auditors to attend the meetings of the board of supervisors as nonvoting delegates and answer their concerns.
Article 68 The minutes of the meeting of the Board of Supervisors shall be recorded, and the supervisors and recorders present at the meeting shall sign the minutes. The supervisor has the right to request that his speech at the meeting be recorded. Minutes of meetings of the Board of Supervisors shall be properly kept as important files of the Company.