Article 70 of Companies Law

The company shall have a supervisory board if the number of shareholder partners exceeds seven members. It shall consist of at least three elected by the company's general assembly from among the shareholder partners within a maximum of thirty days from the date of the company's registration in the Commercial Register. General partners shall have no counted vote in selecting members of the supervisory board. The term of membership on this board shall be three years, renewable. Members of the supervisory board shall perform their work without remuneration unless the company contract provides otherwise.