Yes, the supervisors are elected by the shareholders' meeting. But once you become a supervisor, you can't be a director on the board of directors, you can't participate in business management, that is, you can't be a manager.
The supervisor is a member of the company's permanent supervision organization, also known as the "supervisor", and is responsible for supervising the company's financial situation, the performance of duties by the company's senior management, and other supervisory duties stipulated in the company's articles of association. In China, the supervisory organization composed of supervisors is called the board of supervisors, which is the necessary statutory supervisory organization of the company.
Two. Duties of the supervisor or the board of supervisors:
(a) to 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 152 of this Law.
(seven) other functions and powers stipulated in the articles of association.
The provisions of Article 152 mentioned in Item (6) of the preceding paragraph refer to: If directors and senior managers violate laws, administrative regulations or the articles of association when performing their duties, causing losses to the company, and shareholders of a limited liability company or a joint stock limited company hold more than 1% of the shares of the company for more than 180 consecutive days, they may request in writing the board of supervisors or supervisors of a limited liability company without a board of supervisors to bring a lawsuit against the directors and senior managers to the people's court.
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.
Can a supervisor be a shareholder? Supervisors need to be elected by voting, election and other fair and just ways, which does not mean that anyone who wants to be a supervisor can be appointed as a supervisor.