The Chairman of the supervisory board is a person, who as a member of the corporation or a director of a limited company holds the power to remove the chief executive officer of that company and also to approve all the proposals of the board of directors. He can act on behalf of the shareholders or the employees of the company. A majority of the directors present at a meeting of the board of directors need to agree in order to make the decision to remove the chief executive officer. The chairman has the authority to propose or order a meeting of the board of directors and can also initiate proceedings for a meeting of the board of directors. He can also be the chair of the supervisory committee. There are many different roles that a chairman of the supervisory board has to perform and he has to discharge the duties to ensure the proper functioning of the organization. Click Here sites.google.com
The Chairman of the supervisor board serves as a temporary replacement for the chief executive officer
The most important duty of the chairman of the board is to act on behalf of the shareholders or the employees of the company. If the business is not flourishing, then the chairman has to step in and try to solve the problems of the company by convincing the management to rectify the same. The job of the chief executive officer is very taxing and it is very difficult for him to concentrate on the business activities and so he needs a lot of time to have his personal affairs well managed. In order to fulfill his personal requirements, he needs the support and cooperation of the other directors. The chief executive officer needs to have a good relationship with the other directors so that he can have his personal requirements fulfilled.
The chief executive officer of the corporation also needs the support and cooperation of the other directors. The duties and responsibilities of the chairman of the Supervisory Board are many and they include, having proper planning for the annual general meeting of the company. The chairman of the Supervisory Board also has to have a sound knowledge about the corporate laws of the company. He has to have a good working knowledge of finance so that he can understand the financial situation of the company and give his suggestions on how to rectify the same. The other directors also look upon the job of the chief executive officer as their duty and responsibility and if the latter does not perform his duties properly, then they have to take steps against him.