SECTION FOUR SUPERVISORY COMMITTEE

　　Article 124 A joint stock company limited shall have a supervisory committee made up of at least three persons with one of them to be elected as the convener.

　　The supervisory committee is made up of representatives of shareholders and an appropriate proportion of representatives of staff and workers. The specific proportion of workers shall be provided for in the articles of association. The representatives of workers shall be elected by workers through democratic processes.

　　Directors, the manager and financial officers shall not serve concurrently as supervisors.

　　Article 125 The term of office of a supervisor is three years. The supervisor may be re-elected to serve another term upon expiration of the term.

　　Article 126 The supervisory committee or individual supervisors exercise the following powers:

　　1. To check up on the financial affairs of the company;

　　2. To supervise over acts of directors and manager while performing their duties which violate laws, regulations or articles of association of the company;

　　3. To request remedies from directors or manager for their acts which have made harm to the interests of the company;

　　4. To propose the convening of interim meetings of the board of directors;

　　5. To exercise other powers provided for in the articles of association.

　　Supervisors shall attend the meeting of the board of directors as non- voting members.

　　Article 127 The discussion methods and the procedures of voting at the meeting of the supervisory committee shall be provided for in the articles of association

　　Article 128 Supervisors shall faithfully perform their duties of supervision according to law, administrative decrees and articles of association.

　　The conditions listed in Article 57 through Article 59 and Article 62 and Article 63 of this law on persons not eligible for the position of supervisors and on the obligations and duties of supervisors also apply to supervisors of joint stock companies limited.