Can directors resign?

Legal analysis: Directors can resign. When a director resigns, he shall submit a written resignation report to the board of directors and a written statement to the latest general meeting of shareholders, explaining the circumstances related to his resignation or that he thinks it is necessary to attract the attention of shareholders and creditors. The powers of the directors of the Company are as follows:

1. Attend the board of directors and exercise voting rights;

2. The right to ask for remuneration;

3. The right to sign is also an obligation, such as signing the relevant documents issued in the name of the company;

4. Other functions and powers stipulated in the articles of association;

5. Directors are managers of the company;

6. The law gives directors the freedom to use the powers conferred by the articles of association.

Legal basis: Article 16 of the Guidelines on the System of Independent Directors and External Supervisors of Joint-stock Commercial Banks can resign before the expiration of their term of office. The general meeting of shareholders may authorize the board of directors to make a decision on whether to approve the resignation of independent directors. Independent directors shall continue to perform their duties before the general meeting of shareholders or the board of directors approves their resignation.

When an independent director resigns, he shall submit a written resignation report to the board of directors, and submit a written statement to the latest general meeting of shareholders, explaining the situation related to his resignation or that he thinks it is necessary to attract the attention of shareholders and creditors.

After the resignation of independent directors, if the number of independent directors on the board of directors is less than 2, the resignation report of independent directors will take effect after the next independent director fills the vacancy.

The resignation of external supervisors shall be implemented in accordance with the provisions of independent directors.