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Glossary

Glossary

Supervisory Board of the joint-stock company

The supervisory authority with supervisory powers.

Collective body, its membership is at least 3 and to be divisible by three of its elected chairman. Supervisory Board is incompatible with membership of the Board clerk or a person authorized to act on behalf of and Members are elected for a term according to the statutes, a maximum of 5 years (the first term of office is one year from the date).

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