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Supervisor's role in China

In 1993, the Chinese company law, introduced the role of the Supervisor in China, both for public and private companies. This role is confirmed in the new company law, in force since January 1, 2006 (New Company Law, hereinafter NCL), which requires both WFOEs (wholly foreign-owned companies) and national companies to adopt a Supervisor.

Although the Sino-Foreign Joint Venture has an obligation to adopt a Supervisor if established after 1 January 2006. The number of expected Supervisor is not the same for all companies: Articles 52-57 of the NCL specifically regulate the role and the p