(1) The members of the supervisory board may not be appointed for a term of office extending beyond the time at which that general meeting is closed that is to adopt a resolution regarding the approval of the management’s actions taken in the fourth financial year following the commencement of their term of office and regarding the discharge to be granted to the management. The financial year in which the term of office begins is not counted.
(2) The office of a substitute member ceases to exist at the latest upon expiry of the term of office of the supervisory board member who has ceased to hold office.