What is SAP SE Supervisory Board in SAP ORG-LX-T9N - Team: Corporate Translation?

SAP Term: SAP SE Supervisory Board

• Component: ORG-LX-T9N

• Component Name: Team: Corporate Translation

• Description: A group of individuals who advise and supervise the Executive Board. The number of members in and the composition of the Supervisory Board are determined by the Articles of Incorporation and the Agreement of theInvolvement of the European Employees in SAP SE.

Smart SAP Assistant

• Key Concepts: 
  The SAP SE Supervisory Board is the highest governing body of SAP SE, the German software company. It is responsible for overseeing the management of the company and ensuring that it is run in accordance with the law and in the best interests of its shareholders. The Supervisory Board consists of a minimum of five members, including a Chairman and a Deputy Chairman, who are elected by the shareholders at the Annual General Meeting. 
  
  How to use it: 
  The Supervisory Board is responsible for appointing and dismissing members of the Executive Board, approving major business decisions, and monitoring the performance of the Executive Board. It also has the power to issue binding instructions to the Executive Board and to review and approve certain transactions. 
  
  Tips & Tricks: 
  The Supervisory Board should be consulted on any major decisions or changes that are proposed by the Executive Board. This ensures that all stakeholders have a say in how the company is run and that any decisions taken are in line with the company’s goals and objectives. 
  
  Related Information: 
  The Supervisory Board is also responsible for approving the annual financial statements and other reports prepared by the Executive Board. It also has a duty to ensure that SAP SE complies with all applicable laws and regulations.