Legal analysis: not all board members are shareholders, but also natural persons. After the establishment of the joint-stock company, the board of directors came into being as a stable institution. Members of the board of directors can be appointed and removed at any time according to the articles of association, but the board itself cannot be revoked or suspended. The board of directors is the most important decision-making and management body of the company. Under the leadership of the board of directors, the affairs and business of the company are carried out by the chairman, managing director and vice-chairman elected by the board of directors. The board of directors is a decision-making body composed of directors, responsible for the company's affairs internally and representing the company externally. The company has a board of directors, which is elected by the general meeting of shareholders. The board of directors has a chairman and a vice-chairman, who are elected by the board of directors. The term of office of directors is three years. Upon expiration of the term of office, directors may be re-elected. Before the expiration of a director's term of office, the shareholders' meeting shall not dismiss him without reason. The board of directors of a limited company is generally produced by shareholders' meeting. Members of the board of directors are appointed by the shareholders through voting in the resolutions of the shareholders' general meeting, which can be shareholders in the shareholders' general meeting or appointed non-shareholders members.
So not all board members have shares.
Legal basis: Article 108 of the Company Law of People's Republic of China (PRC) establishes a board of directors with five to nineteen members. Members of the board of directors may include company employee representatives. The employee representatives in the board of directors are elected by the employees of the company through employee congresses, employee congresses or other forms of democratic elections. The provisions of Article 45 of this Law on the term of office of directors of a limited liability company shall apply to directors of a joint stock limited company. The provisions of Article 46 of this Law concerning the functions and powers of the board of directors of a limited liability company shall apply to the board of directors of a joint stock limited company.