Appointment of a Supervisor in China
What is a Supervisor role?
In China, a supervisor typically refers to an oversight role within a company's corporate governance structure. The supervisor's primary responsibility is to monitor and supervise the actions of the company's executives, directors, and officers to ensure compliance with laws, regulations, and the company's internal policies.
Chinese company law mandates the appointment of supervisors in companies to enhance corporate governance and protect the interests of shareholders. Unlike directors who are involved in the day-to-day management of the company, supervisors focus on overseeing the management's conduct and decisions.
Key responsibilities of a supervisor in China may include:
attending board meetings
reviewing financial statements
ensuring compliance with legal and regulatory requirements
safeguarding the interests of shareholders.
Supervisors may act as a check and balance to prevent misuse of power or other unethical practices within the company.
It's important to note that the specific duties and powers of a supervisor can vary depending on the company's articles of association and relevant regulations. Companies may appoint either an individual supervisor or a board of supervisors, and these individuals are elected by the shareholders.
How can we help you?
Woodburn Accountants & Advisors offers supervisory services, which include:
participating in shareholder meetings
either acting as the full outsourced provider for accounting, tax, payroll and corporate governance
or conducting monthly / quarterly reviews of financial accounts and internal control systems,
overseeing the responsibilities and behavior of directors and senior officers
We commit to delivering timely reports to foreign investors, highlighting any potential risks or instances of non-compliance that could adversely affect the company's interests.
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