According to Article 149 of the Company Law, directors, supervisors and senior managers who violate laws, administrative regulations or the Articles of Association when performing their duties and cause losses to the Company shall be liable for compensation. Legal responsibilities of supervisors of the Company:
1. Check the company's finance. Check the company's finance, mainly to review and consult the company's financial and accounting reports and other financial and accounting materials.
2. Supervise the performance of directors and senior managers and put forward proposals for dismissal.
3. Require directors and senior managers to correct their behaviors that damage the interests of the Company.
4. Propose to convene, convene and preside over the extraordinary shareholders' meeting.
5. Put forward proposals to the shareholders' meeting.
6. Initiate legal proceedings against directors and senior managers.
7. Other functions and powers specified in the Articles of Association.
Legal basis
Article 149 of the Company Law [Liability for damages of directors, supervisors and senior managers] Directors, supervisors and senior managers who violate laws, administrative regulations or the Articles of Association when performing their duties and cause losses to the company shall be liable for compensation.
