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supervisory board
noun
- a board of management of which nonmanagerial workers are members, having supervisory powers over some aspects of management decision-making
Example Sentences
He posted a statement on LinkedIn saying he “cannot simply accept this decision of the Supervisory Board.â€
“We are deeply dismayed that this has occurred at Ajax, as it is highly detrimental to the club and everyone who holds it dear to them,†Michael van Praag, chairman of the supervisory board, said in a statement.
“The supervisory board sought external legal advice, which indicates that he likely engaged in insider trading. Insider trading is a criminal offense,†the club said.
Ajax chief executive Alex Kroes has been suspended by the Dutch club's supervisory board over allegations of insider trading.
Kroes added he purchased the shares "out of confidence in the club. Not to make quick money" and had "provided full disclosure" to the supervisory board about his assets.
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