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Taiwan Company Limited by Shares- Supervisor

Answer
Q:
What is the responsibility of supervisor?
A:
The responsibility of supervisor is to supervise the operation of business, audit and accounting.

Q:
What is the qualification for a supervisor?
A:
A supervisor is selected by the board of shareholders. At least one supervisor shall live within the territory of Taiwan. In the condition of public offering company by shares, the number of supervisors is required to be two persons or above.

Q:
How long is the term in office for a supervisor?
A:
The term in office shall be not more than 3 years, but reselection is allowed.
In the condition of the expiration of term in office for a supervisor but the new supervisor is yet to be selected, the original supervisor can be at the position continuously until the new one is selected.

Q:
What is the job of supervisor?
A: A supervisor shall supervise the operation of business for a company and understand the financial condition of company clearly. Verifying the accounting documents and requesting the board of directors or managerial officers to submit reports are the duties of a supervisor as well, but the abovementioned conditions shall be entrusted a lawyer, accountant to proceed on behalf of the company.

Q:
Is it possible for a supervisor to act as the shareholder or managerial officer simultaneously?
A: A supervisor is not allowed to act as director, managerial officer, or other personnel.

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