What is the Supervisory Board?
The Supervisory Board is a group of elected or mentioned officials accused of sight of certain aspects of the government within society. For some types of enterprises, the law may be required by the Supervisory Board, although companies without legal requirements may also decide to accept the structure of the Board of Directors. Some of the tasks that can be solved by the Supervisory Board include the choice of managers or company officials, the company's evaluation and its objectives, and creating strategies for future improvement in performance.
The number of members of the Supervisory Board and their electoral procedures may be based on the law and policy of the company. In Germany, a corporation is required by law to have a two -level system of the Board of Directors, an inefficient Supervisory Board and the Board of Management of the Executive Level. On the other hand, the United States generally uses the structure of one level in which both managers and out of performance. In France, some companies, such as Energy Corpoly, must also have representatives of the French government on the board. Many corporationsHe decides to divide the membership of the Board of Directors between representatives of elected shareholders and companies elected workers.
The legal and ethical purpose of the Supervisory Board is to supervise managerial decisions and ensure that management and managers work in the best interest of shareholders and employees of the company. Allowed to select members of the supervisory supervision by allowing shareholders and workers to be checked by the abuse of power by unleassed officials of the company. The warning is often accepted to ensure that the members of the Board of Directors work relatively independently of the society themselves; They are usually subject to term limits and cannot have contradictory trade interests that could affect voting decisions. One -stage systems are sometimes criticized because they allow the company managers to participate in the vote and decision -making council, which essentially allows people who are regulated by the Councilthe Board of Board a strong word.
The Supervisory Board may have many strategic and supervisory tasks in addition to ensuring legal and ethical business practices. Some advice break down into smaller committees to direct research and assess data in each area of interest. For example, the Board of Directors may have a committee for nomination executives, the Committee for the Financial Assessment and the Committee on Social Responsibility of the Company. While all members of the Board of Directors may usually vote on all issues, the Committee is responsible for the collection and review of the facts concerning a particular problem to introduce the Council of the Educated Strategy.