A Supervisory board is a group of individuals chosen by the stockholders of a company to promote their interests through the governance of the company and to supervise and control the executive directors and CEO. A shareholder or stockholder is an individual or company (including a corporation), that legally owns one or more shares of stock in a joint stock company. ... A corporation is a legal person that exists quite separately from the natural persons who work with and for it. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ...

Germany

In Germany the Aufsichtsrat or Supervisory Board is composed of 11 non-executive directors, 5 of which are elected by the shareholders, 2 are employees elected by the works council, 3 are elected by trade unions and the last one is elected by all the other directors. This board oversees and appoints the members of the Management Board or Vorstand (made up of executive directors and the CEO). This is the supervisory board of the German Corporation. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ...

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