A limited liability company shall have a board of supervisors with no 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. A limited liability company with a large business scale shall set up a board of supervisors, and its members shall not be less than 3. The Board of Supervisors elects 1 convener from among its members; If the number of shareholders is small and the scale is small, there may be 1 to 2 supervisors. The board of supervisors is composed of shareholders' representatives and employees' representatives in an appropriate proportion, and the specific proportion is stipulated in the articles of association. Supervisors, like directors, have time limits. The term of office of the supervisor of a limited liability company is once every three years and can be re-elected.
The selection and appointment of members of the board of supervisors can be stipulated in the articles of association of the company or decided by the shareholders' meeting, and some restrictions are often stipulated. For example, in France, the supervisor who is mainly responsible for the financial audit of a company must be a shareholder, but the corporate executives and their spouses, as well as property investors other than money, special beneficiaries, their remuneration and their spouses cannot hold this position.
Article 51 of People's Republic of China (PRC) Company Law A * * * limited liability company shall have a board of supervisors, and its members shall not be less than three. A limited liability company with fewer shareholders or smaller scale may have one or two supervisors instead of a board of supervisors. The board of supervisors shall include an appropriate proportion of shareholders' representatives and employees' representatives, of which the proportion of employees' representatives shall not be less than one third, and the specific proportion shall be stipulated in the articles of association. The employee representatives in the board of supervisors are elected by the employees of the company through employee congresses, employee congresses or other forms of democratic elections. The board of supervisors shall have a chairman, who shall be elected by more than half of all supervisors. The chairman of the board of supervisors shall convene and preside over the meeting of the board of supervisors; If the chairman of the board of supervisors is unable to perform his duties or fails to perform his duties, more than half of the supervisors shall jointly nominate a supervisor to convene and preside over the meeting of the board of supervisors. Directors and senior managers shall not concurrently serve as supervisors.