When setting up a wholly foreign-owned enterprise (WFOE or WOFE) , you need to choose the right supervisor or the board of supervisors for your business. In order to prevent the board of directors and managers from abusing their power and damaging the interests of the company and shareholders, it is necessary to elect such the special supervisory organ – supervisor or the board of supervisors to exercise supervision functions on behalf of shareholders. Supervisor or the board of supervisors Article 51 of the company law stipulates that limited liability company shall have the board of supervisors, and its members shall not be less than three. A limited liability company with a small number of shareholders or a smaller company may set up one or two supervisors without a board of supervisors. Supervisors shouldn't be the legal representative, manager or other senior management person). The term of the supervisor is three years. The term of the supervisor shall expire, and...