Complete the text with the correct form of the CAPITALISED words.

THE ROLE OF THE SUPERVISORY BOARD

The supervisory board plays a critical role in OVERSEE (2 p.) the management of companies and ensuring that the interests of shareholders are protected. There is often a clear SEPARATE (2 p.) between the executive and supervisory boards in many COMPANY (2 p.) governance structures. This separation allows the supervisory board to monitor management decisions without direct interference in the day-to-day running of the company.

The supervisory board must RELIANCE (2 p.) on external experts to provide PART (2 p.) oversight. They also vote on major strategic decisions, SURE (2 p.) the company’s direction aligns with shareholder interests. One of the primary responsibilities of the board is to control the management’s actions and approve major financial decisions, including investment plans and executive appointments.

In times of crisis, the supervisory board may be required to exert more authority to prevent the company from FAIL (2 p.) . If the supervisory board is SUCCESS (2 p.) , it can help the company navigate difficult times and ensure long-term GROW (2 p.) .

Additionally, in some countries, the board is legally required to CORPORATION (2 p.) employee representation, allowing employees to ELECTIVE (2 p.) representatives to the board. This COOPERATE (2 p.) structure can help ensure that conflicts between shareholders, management, and employees are RESOLUTION (2 p.) productively.

Finally, the supervisory board must ensure that the company OPERATE (2 p.) transparently, providing shareholders with an adequate flow of information to make INFORMATION (2 p.) decisions.