supervisory board
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supervisory board
A supervisory body in a company, especially a stock corporation, that monitors and advises the executive board. The members are usually elected by the shareholders.
Der Aufsichtsrat muss der geplanten Übernahme eines anderen Unternehmens noch zustimmen.
The supervisory board still has to approve the planned takeover of another company.
The word is made up of 'Aufsicht' (supervision) and 'Rat' (council, board). The 's' in between is a linking s that connects the two parts. Literally, then, it is an 'Aufsichts-Rat' (supervisory council/board).
Die Hauptaufgabe des Aufsichtsrats ist die Kontrolle des Vorstands.
The main task of the supervisory board is to oversee the executive board.
'Der Aufsichtsrat' is a technical term from business and corporate law. It is used especially when talking about large companies such as stock corporations (AG) or GmbHs.
Die Entscheidung wurde in der letzten Sitzung des Aufsichtsrats getroffen.
The decision was made at the last meeting of the supervisory board.
Typical verbs that describe the functions of the supervisory board are: 'den Vorstand überwachen' (to supervise the executive board), 'kontrollieren' (to monitor/control), 'beraten' (to advise), 'bestellen' (to appoint), or 'entlassen' (to dismiss). In addition, the supervisory board can 'tagen' (to meet) or 'zustimmen' (to approve/agree to) a decision.
Der Aufsichtsrat tagt viermal im Jahr.
The supervisory board meets four times a year.
board
Vorstand and Aufsichtsrat are both company bodies, but they have different responsibilities. The Vorstand runs the company and makes business decisions. The Aufsichtsrat monitors and advises the Vorstand; so when referring to a decision, it matters which body is acting.
Der Aufsichtsrat prüfte den Bau der neuen Produktionshalle und beriet den Vorstand.
The supervisory board reviewed the construction of the new production hall and advised the executive board.
Der Vorstand beschloss den Bau einer neuen Produktionshalle.
The board decided to build a new production hall.
