The executive organ shall exercise other functions and powers as stipulated in the articles of association of the legal person, such as convening institutional meetings, deciding on the business plan and investment plan of the legal person, and deciding on the establishment of the internal management organization of the legal person.
The executive director is responsible for actively performing the functions and duties of the board of directors or the functions and duties designated by the board. If the company suffers economic losses due to the failure to fully and reasonably exercise the functions of the board of directors, and the shareholders require the board of directors to bear the liability for compensation, and the division of responsibilities of a director is not clear at the time of the cause, all executive directors shall bear joint and several economic liabilities.
Brief introduction of executive director
As an executive director in the legal sense, it refers to the position established by a small limited company without a board of directors to be responsible for the company's operation and management.
As an executive director in the sense of a listed company, executive directors have no clear legal basis, as opposed to non-executive directors. The so-called executive director is a director who participates in the operation of the enterprise. The executive director is also called an active director. It refers to a director who is appointed to hold a specific position within the board of directors and has professional responsibility for that position. The executive director is an employee of the company.