Does a company setting up in the Hainan FTP have to set up a board of supervisors?

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TropicalHainan
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Does a company setting up in the Hainan FTP have to set up a board of supervisors?

Not necessarily. A limited liability company with a small number of shareholders or an SME may have one or two supervisors and no board of supervisors. A joint-stock limited company must have a board of supervisors.
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