Composition of the Supervisory Committee
The Supervisory Committee is composed of 7 to 9 supervisors.
The chairman of the supervisory committee is elected or removed by a two-thirds majority vote of its members.
The chairman of the supervisory committee has the following functions and powers:
1.Convene and preside over meetings of the supervisory committee;
2.Organize and carry out the duties of the supervisory committee;
3.Review, approve and sign reports of the supervisory committee and other important documents;
4.Represent the supervisory committee in the shareholders' general meeting;
5.Exercise other powers as granted in accordance to law or the Company's Articles of Association.
2.Terms, Nomination, Election, and Removal
Supervisors' term of office is three years. Supervisors representing shareholders are elected and removed at the shareholders' general meeting. Supervisors representing Sinopec's workers and staff are elected and removed democratically by the workers and staff of the Company. Terms are renewable upon re-election. There are no term limits for members of the supervisory committee.
Directors, senior management cannot serve concurrently as supervisors.
Candidates for the supervisory committee except those representing Sinopec's workers and staff are nominated to shareholders general meetings for approval. Independent supervisors are elected by the general meeting after nominated by shareholders who individually or jointly owns 1% or more of the Company's voting shares While other supervisors not representing Sinopec's workers and staff are also elected by the general meeting, yet nominated by Sinopec's board of directors, the supervisory committee, or shareholders who hold 3% or more of the Company's voting shares.