Shareholders participate in company decision-making by electing the board of directors and voting. A listed company refers to a joint stock limited company whose shares are listed and traded on a stock exchange. A joint stock limited company may be established by initiating or raising funds, or it may be changed from a limited liability company to a joint stock limited company. A company limited by shares refers to a company with shares as its capital, and shareholders are liable to the company to the extent of the shares subscribed by them. It was born in Europe in the18th century. There must be a shareholders' meeting, a board of directors, a board of supervisors and other institutions to implement internal management and represent the company externally. These institutions are the general meeting of shareholders, the board of directors, the board of supervisors and the manager.
Company Law of the People's Republic of China
Article 120
Definition of a listed company A listed company as mentioned in this Law refers to a joint stock limited company whose shares are listed and traded on a stock exchange.