An Independent director refers to a director who is independent of the company's shareholders, does not hold a position in the company, has no important business or professional connection with the company or its management personnel, and makes independent judgments on the company's affairs.
Chairman's English is the chairman, the highest representative of shareholders' interests, and theoretically the source of all power of the company's management.
The board of directors has 65,438+0 chairmen, who are elected by more than half of all directors of the board of directors. Judging from the legislation of companies in various countries, the rights of the chairman are not granted by the shareholders' meeting, but directly stipulated by the company law. Generally speaking, the chairman has the following rights:
1. Preside over the shareholders' meeting and convene and preside over the board meeting;
2. Check the implementation of the resolutions of the board of directors and report to the board of directors;
3. Sign the company's stocks and bonds;
4. The board of directors authorizes the chairman to exercise some functions and powers of the board of directors when the board of directors is not in session;
5. Propose to convene an interim board of directors;
6. Except for matters that must be decided by the shareholders' meeting and the board of directors as stipulated in the Articles of Association, the chairman has the right to decide on major business management matters of the company.
Where a limited liability company or a joint stock limited company establishes a board of directors, the shareholders' meeting shall be convened by the board of directors and presided over by the chairman. The meeting of the board of directors shall be convened and presided over by the chairman. The chairman shall be appointed by the state-owned assets supervision and administration institution from among the members of the board of directors.
The chairman is the leader of the company's board of directors, and his duties are of the nature of organization, coordination and representation. The power of the chairman belongs to the responsibility of the board of directors. He doesn't manage the specific business of the company and generally doesn't make personal decisions. He only enjoys the same voting rights as other directors when the board of directors meets or special committees of the board of directors meet. The power of the president and CEO comes from him. Only he has the supreme power to convene the board of directors and recall the president and CEO, but he never holds the executive power.
The chairman can fire anyone at any time, except the board members and supervisors, because directors and supervisors are not employees of the company, but owners and arbitrators of the company.