Corporate reorganisations carried out via self-administration or protective shield proceedings do not have an insolvency administrator. Instead, they have a supervisor (Sachwalter). The supervisor is a vital intermediary between the debtor company and its reorganisation advisor on the one hand and the company’s creditors on the other. He plays a key role in ensuring that a reorganisation implemented autonomously by the company goes smoothly. The supervisor is appointed by the insolvency court, and can be proposed by the company. As an independent person, the supervisor’s job is to monitor the proceedings, keep in mind the interests of the parties to the proceedings and reconcile those interests with one another. Put simply, the role of the supervisor is to oversee the proceedings.