1. It is clearly stipulated in the Articles of Association that senior managers can conduct transactions with the company.
2. If there is evidence to prove that other shareholders know and agree, the signed transaction contract is valid;
3. This contract is valid for the company's pure profit transaction.
Sole proprietorship enterprise: the personnel entrusted or hired by investors to manage the affairs of sole proprietorship enterprise shall not enter into contracts or conduct transactions with enterprises without the consent of investors. Partnership: When carrying out partnership affairs, the general partner shall not engage in any transaction with the partnership enterprise, unless otherwise agreed in the partnership agreement or agreed by all partners. A limited partner may conduct transactions with the limited partnership enterprise; However, unless otherwise agreed in the partnership agreement. Limited liability companies and joint stock limited companies: Without the consent of the shareholders' meeting or the shareholders' general meeting, directors, supervisors and senior management personnel may not enter into contracts or conduct transactions with the company.
To sum up, regarding the above issues, I personally suggest that the chairman should never sign a contract or trade with the company, because the current law does not allow it.
Legal basis: According to the Company Law. Article 148
(1) Misappropriation of company funds;
(2) Opening an account for the company's funds in its own name or in the name of other individuals.
(3) Lending the company's funds to others or providing guarantee for others with the company's property without the consent of the shareholders' meeting, the shareholders' general meeting or the board of directors, in violation of the provisions of the company's articles of association;
(four) in violation of the articles of association of the company or without the consent of the shareholders' meeting or the shareholders' meeting, enter into a contract or conduct a transaction with the company;
(5) Without the consent of the shareholders' meeting or shareholders' meeting, taking advantage of his position to seek business opportunities belonging to the company for himself or others, and running the same business as the company he works for;
(six) accept the entrustment of others and regard the transaction with the company as your own;
(seven) unauthorized disclosure of company secrets;
(8) Other acts that violate the obligation of loyalty to the company.