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Article NO. Content

Title:

Sample Template for XXX Co., Ltd. Rules Governing the Scope of Powers of Supervisors  CH

Amended Date: 2020.06.03 
Categories: Corporate Governance
Article 3     (Scope of duties)
    The supervisors shall faithfully perform their duties and fulfill the obligation to exercise the due care of a good administrator. They shall maintain a high degree of self-discipline and adopt a prudential attitude in supervising the business and financial conditions of this Company, in order to safeguard the rights and interests of this Company and its shareholders.
    If in the course of their duties a supervisor violates a law, regulation, or the articles of incorporation, or if a supervisor neglects his or her supervisory duties, thereby causing damage to this Company, the supervisor shall be legally held liable to this Company for damages.