Supervisory board
The Supervisory board is usually elected by the Shareholders. Composition varies across jurisdictions; its members are usually independent of the executive but it can include employee representatives in some countries. Generally, the supervisory board guides and monitors the management board. The Supervisory board may be involved in long term strategic planning. Another task that the Supervisory Board is in charge of is the selection, dismissal, and designation of the members in the Management Board, to "ensure a long term succession planning".