Powers of the Supervisory Board. 1. The management of the Company is placed under the ongoing supervision of the Supervisory Board as provided by law. In accordance with law, the Board prepares a report for each Annual Ordinary General Meeting called to approve the financial statements of the Company. This report is made available to the shareholders at the same time as the Managing Partners’ report and the parent company financial statements. In the event of one or more Managing Partners being dismissed by the General Partners, the Board gives an opinion. For this purpose, the Board is notified by the General Partners at least fifteen days in advance, and must give its opinion within ten days of such notice. Notice is given by registered letter addressed to the Chairman of the Supervisory Board. The Supervisory Board prepares a report on any proposal to increase or reduce the Company’s share capital. The Supervisory Board may, if it deems it necessary, after having informed the Managing Partners in writing, call the shareholders to an Ordinary or Extraordinary General Meeting, in compliance with the legal provisions relating to shareholder meetings. The Supervisory Board has, by law, the right to receive from the Managing Partners the same documents as are made available to the Statutory Auditors.
Powers of the Supervisory Board. 51.1 The Supervisory Board may exercise all such powers of the Company as are not, by the Act or by these Bye-laws, required to be exercised by the Company in a general meeting or delegated to the Management Board or the CEO.
Powers of the Supervisory Board. 15.8.1 The Supervisory Board carries out a function of permanent control over the management of the Company by the Executive Board. At any time of the year it may carry out any verification or control it may judge to be appropriate and may have any documents forwarded to it which it may require to complete its mission.
Powers of the Supervisory Board. 19.1 The Supervisory Board shall supervise whether the activities of the Company are in compliance with the laws in force, the Deed of Incorporation and the resolutions of the Shareholders' Meeting.
Powers of the Supervisory Board
