The process of supervisor change is as follows:
1. Convene a shareholders' meeting to discuss the election and replacement of directors and supervisors who are not employee representatives;
2. Form a meeting resolution and decide to replace the supervisor;
3. Report the change of supervisors to the original company registration authority for the record.
Supervisors refer to the members of the board of supervisors of the company. Supervisors are generally elected by the shareholders' meeting. The supervisors of a wholly state-owned company are mainly appointed by institutions and departments authorized by the State Council or the State Council.
In addition to the shareholders' representatives elected by the shareholders' meeting, supervisors should also have an appropriate proportion of employee representatives. The employee representatives in the board of supervisors are democratically elected by the employees of the company. The qualification requirements of supervisors are basically the same as those of directors. In addition, directors, managers and financial personnel may not concurrently serve as supervisors.
The supervisor is responsible for supervising whether the directors, managers and other management personnel violate laws, regulations, articles of association and resolutions of the shareholders' meeting.
In Article 37 of the Company Law of People's Republic of China (PRC), the shareholders' meeting shall exercise the following functions and powers:
(1) To decide on the company's business policy and investment plan;
(2) Electing and replacing directors and supervisors who are not employee representatives, and deciding on the remuneration of directors and supervisors;
(3) Examining and approving the report of the board of directors;
(4) Examining and approving the reports of the board of supervisors or supervisors;
(5) To examine and approve the annual financial budget plan and final accounts plan of the company;
(VI) To examine and approve the company's profit distribution plan and loss recovery plan;
(7) To make resolutions on the increase or decrease of the registered capital of the company;
(8) To make resolutions on the issuance of corporate bonds.
(9) To make resolutions on the merger, division, dissolution, liquidation or change of corporate form of the company;
(10) Amending the Articles of Association.
(eleven) other functions and powers stipulated in the articles of association.
Where the shareholders unanimously agree to the matters listed in the preceding paragraph in writing, they may make a decision directly without convening a general meeting of shareholders, and all shareholders shall sign and seal the decision document.