The Board of Supervisors is the permanent supervisory body of listed companies, responsible for the shareholders' meeting, and on behalf of the shareholders' meeting, it supervises and inspects the management of directors and senior managers of the company and the financial status of the company.
Composition of the board of supervisors
The Company Law stipulates that there shall be no less than three members of the company's board of supervisors, of which the proportion of employee representatives shall not be less than one third, and the specific proportion shall be stipulated in the company's articles of association. The staff and workers' representatives in the board of supervisors are elected by the staff and workers' congress, the staff and workers' congress or other forms of democratic elections.
The term of office of the supervisor is 3 years, and can be re-elected at the expiration of the term. It should be noted that directors and senior management personnel may not concurrently serve as supervisors.
Power of the board of supervisors
1. Review the company's periodic reports prepared by the board of directors and put forward written review opinions.
2, check the company's finances
3. 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.
4. When the acts of directors and senior managers harm the interests of the company, they are required to correct them.
5. Propose to convene an extraordinary shareholders' meeting to convene and preside over the shareholders' meeting when the board of directors fails to perform its duties as stipulated in the Company Law.
6. Put forward proposals to the shareholders' meeting.
7. To institute legal proceedings against directors and senior managers in accordance with the relevant provisions of the Company Law.
8. If the company is found to be operating abnormally, it can be investigated. When necessary, professional institutions such as accounting firms and law firms can be hired to assist in the work, and the expenses shall be borne by the company.
The board of supervisors of a listed company shall meet at least once every six months, and the supervisor may propose to convene an interim meeting of the board of supervisors.