Article 32 A supervisor of a trust company shall meet the qualifications prescribed by laws, administrative regulations and the China Banking Regulatory Commission (hereinafter referred to as the China Banking Regulatory Commission), and have the qualities required to perform their duties.
Directors, senior managers and their immediate family members of a trust company may not serve as company supervisors.
Article 33 The supervisor has the right to know the operation of the company and undertake the corresponding confidentiality obligations.
Trust companies should take measures to effectively protect supervisors' right to know and provide necessary conditions for supervisors to perform their duties.
Article 34 The supervisor shall attend the meeting of the board of directors as nonvoting delegates. Supervisors present at the meeting have the right to express their opinions, but have no right to vote; Major issues can be reported separately to the CBRC or its dispatched offices.
Section 2 Board of Supervisors
Article 35 A trust company shall set up a board of supervisors.
The board of supervisors shall formulate standardized rules of procedure, which shall be implemented after being reviewed and approved by the shareholders' (general) meeting, and shall be reported to the China Banking Regulatory Commission or its dispatched office for the record.
Article 36 The board of supervisors shall be convened by the chairman of the board of supervisors.
The Board of Supervisors may set up a special organization to be responsible for the preparation of meetings of the Board of Supervisors, the custody of meeting minutes and meeting documents, and provide services for supervisors to perform their duties according to law.
Article 37 The Board of Supervisors shall meet at least twice a year. The minutes of the meeting of the board of supervisors shall be true and complete, and shall be kept for at least fifteen years from the date of making the minutes. Supervisors and recorders attending the meeting shall sign the minutes of the meeting.
Article 38 The Board of Supervisors may require directors and senior managers of the Company to attend the meetings of the Board of Supervisors as nonvoting delegates and answer relevant questions.
The company shall promptly report to the board of supervisors such major matters as internal audit report, compliance inspection report, financial accounting report, etc.
Article 39 The board of supervisors may, according to the needs of performing its duties, engage an external audit institution or consulting institution through consultation, and the expenses shall be borne by the trust company.