# Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute for a European company (SE), Article 40

Extent: E+W+S+N.I.

1. The supervisory organ shall supervise the work of the management organ. It may not itself exercise the power to manage the UK 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
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.
3. Subject to regulation 62 of the 2004 Regulations, the number of members of the supervisory organ or the rules for determining it shall be laid down in the statutes. ...

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Source: https://www.legislation.gov.uk/eur/2001/2157/article/40 (the official version)
Page: https://openlegislation.uk/eu-regulation-2001-2157/article-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.