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Topic: Business
Number of pages / Number of words: 19 / 5123
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The Supervisory Board ensures that the financial statements give a true and fair view of the state of affairs of the Company, reviews the conduct of Company business, and advises the Managing Partners on their recommendations to the Annual Shareholders Meeting, especially concerning appropriation of profit/loss...


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To perform its monitoring function, the Supervisory Board has the same powers as the Statutory Auditors and access to the same information and documents. It reports on its work to the Annual Shareholders Meeting. The Supervisory Board is also responsible for approving any agreements entered into by Michelin with entities in which a Managing Partner, a Supervisory Board member or a Shareholder owning more than 5% of Michelin's voting stock, has a direct or indirect interest...


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