What authority does the board of supervisors have?

Legal analysis: check the company's finance; To supervise the actions of directors and senior managers in performing their duties; Put forward suggestions for the removal of directors and senior managers who violate laws and regulations, the Articles of Association or the resolutions of shareholders; Bring legal proceedings against directors and senior management (the expenses shall be borne by the company). A limited liability company with few shareholders and small scale may have one or two supervisors. Directors, managers and financial officers may not concurrently serve as supervisors. The term of office of the supervisor is three years. Upon expiration of the term of office, a supervisor may be re-elected.

Legal basis: Article 53 of the Company Law of People's Republic of China (PRC) has the following functions and powers: 1. Check the company's finances; 2. Supervise the performance of the company's directors and senior managers in performing their duties, 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. When the actions of directors and senior managers harm the interests of the company, they are required to correct them; 4. Propose to convene an interim shareholders' meeting, and convene and preside over the shareholders' meeting when the board of directors fails to perform its duties as stipulated in this Law; 5. Put forward proposals to the shareholders' meeting; 6. To institute legal proceedings against directors and senior managers in accordance with the provisions of Article 151 of this Law; 7. Other functions and powers as stipulated in the Articles of Association.