The Supervisory Board comprises seven members of which one member is appointed by the Employees' Council of the Company in compliance with Labour Law provisions.
Members of the Supervisory Board are appointed for a four year term of office, commencing from the date of appointment of each member. After the expiration of mandate of the Board, members may be reappointed without limitation on the number of mandates.
If a mandate of the member of the Supervisory Board is terminated before the expiration of term of office, mandate period of the newly appointed Supervisory Board member expires on the day of expiration of term of office of the Supervisory Board member whose term of office was terminated.
The Supervisory Board members are elected and recalled by General Assembly. Supervisory Board member who is representative of the employees shall be appointed and recalled by the employees pursuant to the provisions of the Labour Law.
The Supervisory Board supervises the Management Board.