TITLE IIISTRUCTURE OF the UK Societas
Section 1Two-tier system
Article 40
1.
The supervisory organ shall supervise the work of the management organ. It may not itself exercise the power to manage the F1UK Societas.
2.
The members of the supervisory organ shall be appointed by the general meeting. The members of the first supervisory organ may, however, be appointed by the statutes. This shall apply without prejudice to Article 47(4) or to any employee participation arrangements determined pursuant to
F2(a)
Part 3 of the 2004 Regulations, as it had effect prior to its revocation by the European Public Limited-Liability Company (Amendment) Regulations 2009;
(b)
for England and Wales and for Scotland, the 2009 Employee Involvement (GB) Regulations;
(c)
for Northern Ireland, the 2009 Employee Involvement (NI) Regulations.