What does the board of supervisors mean?

The board of supervisors is composed of supervisors elected by the shareholders' (general) meeting and supervisors democratically elected by the employees of the company. It is a statutory standing institution to supervise and inspect the business activities of the company's legal education network. The board of supervisors, also known as the company supervision committee, is a statutory and necessary supervision institution of joint-stock companies. It is an internal organization set up side by side with the board of directors under the leadership of the shareholders' meeting, and exercises supervision over the administrative management system of the board of directors and the general manager. The Board of Supervisors is responsible to the shareholders' meeting and exercises supervision as the representative of the investor. The basic function of the board of supervisors is to supervise all the business activities of the company, and the supervision object is the board of directors and the general manager. In the process of supervision, the board of directors and the management are always required to correct the ultra vires behavior that violates the articles of association. In order to perform its supervisory function, members of the evaluation committee must attend the board meeting as nonvoting delegates to understand the decision-making situation and comprehensively supervise business activities. The Board of Supervisors reports the supervision to the shareholders' meeting and provides necessary information for the shareholders' meeting to exercise its major decision-making power. In order to complete the supervision function, the board of supervisors should not only carry out accounting supervision, but also carry out business supervision. There should be not only post supervision, but also supervision in advance and in the process (that is, supervision in the process of planning and decision-making). And under special circumstances, sometimes the board of supervisors has the right to represent the company: 1. When there is a lawsuit between the company and the directors, unless otherwise provided by law, the supervision institution will handle relevant legal affairs on behalf of the company as a litigant. 2. When the directors themselves or others negotiate with the company, the board of supervisors will negotiate with the directors on behalf of the company. 3. The supervisor shall entrust a lawyer, accountant or other supervisory legal person to represent the company when investigating the business and financial status of the company and consulting the account books and statements.