a— The control board shall supervise the company's activities, and have the right — to this end — to request the managers to submit an account of their management, to examine the company's books and documents, and to request for a stock-taking of its assets. The board shall also have to advise on the issues referred to it by the company's manager and to authorize the manager to perform the acts for which the company's articles of association stipulate the authorization of the board. The board shall have the right to invite the general assembly to convene if it discovers severe wrongdoings in the company's management.

b— The board shall submit to the shareholders' general assembly a report on the results of its supervision of the company's activities at the end of each financial year.

c— The members of the control board shall receive no remuneration for their jobs.

d— The control board shall not be liable for the managers' acts or the results thereof except if members knew of the managers' wrongdoing and did not inform the general assembly thereof.