English
The supervisory board shall have the following powers
and duties:
1/ causing the submission of documents and information
necessary to discharge its responsibility, and
examine the same;
2/ calling and leading a general meeting of shareholders,
where the board of directors is unable or unwilling to
convene such a meeting.
3/ taking part and giving opinion in the meeting of the
board of directors without voting.
4/ where it comes to know or has reason to suspect that
an act that causes damage to the company has been
committed, investigate the matter or cause it to be
investigated or, take the necessary measures with the
view to instituting legal action, if need be.
5/ undertake supervision to ensure that directors and
other members of the management are discharging
their responsibilities properly; where it has been
ascertained that they have committed an act that
jeopardizes the interests of the company, demand
that corrective measures be taken; recommend the
removal of those who have failed to discharge their
responsibilities properly, as appropriate, to the board
of directors or general meeting of shareholders.
6/ supervise as well as cause the Auditing of the financial
affairs of the company.
7/ submit report to the general meeting.
8/ carry out other functions as may be assigned to it by
the memorandum of association or resolution of the
general meeting of shareholders.
