The Responsibility of Supervisory Board According to the Georgian Law

Best practises in the corporate governance define the accountability and responsibility of the supervisory board. More specifically, board members’ diligence, honesty and care responsibilities are determined, benefitting the successful operations of the company; Furthermore, the board’s decisions should be made based on thoughtful consideration, avoiding the passive role in the relationship with the management and the cases of the board members’ possible unconscientiousness.

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