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
'der Vorstand' and 'der Aufsichtsrat' both occur in the leadership structure of larger companies, but they have different tasks. The board runs the business and makes operational decisions. The supervisory board monitors and advises the board, but does not run the company itself in day-to-day business. Learners can easily confuse the words because both are important governing bodies. A simple guide is: 'der Vorstand' acts and manages, while 'der Aufsichtsrat' checks and supervises.
Der Aufsichtsrat prüft heute die Entscheidung des Vorstands.
The supervisory board is reviewing the board's decision today.
Wir sprechen mit dem Vorstand, weil er über die neue Strategie entscheidet.
We are speaking with the board because it decides on the new strategy.