The difference between directors and shareholders of Hong Kong companies

Legal subjectivity:

The difference between a shareholder and a director is that the shareholder is the person responsible for paying the money, and only bears the responsibility of spending money to buy the value of the stock, without any administrative responsibility. The director is the person in charge of administration in the company. There is no debt responsibility, but it must bear administrative responsibility. For example, everyone can buy shares of listed companies, that is, shareholders of the company, not directors; Directors have the right to manage the administrative affairs of the company, while shareholders have no right to manage the administrative affairs. Hello, the difference between the board of directors and shareholders is far from the same. What is provided above is the difference between directors and shareholders.

Legal objectivity:

Article 44 of People's Republic of China (PRC) Company Law A limited liability company shall have a board of directors with three to thirteen members. However, unless otherwise provided for in Article 50 of this Law. A limited liability company established by two or more state-owned enterprises or two or more other state-owned investors shall have staff representatives among its board members; Other members of the board of directors of a limited liability company may include representatives of employees of the company. 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 board of directors shall have a chairman and may have a vice-chairman. The method for the formation of the chairman and vice chairman shall be stipulated in the articles of association. Article 50 of the Company Law of People's Republic of China (PRC) A limited liability company may have an executive director instead of a board of directors if the number of shareholders is small or the scale is small. The executive director may concurrently serve as the company manager. The functions and powers of the executive director shall be stipulated in the articles of association. Article 37 of the Company Law of People's Republic of China (PRC) * * * The shareholders' meeting shall exercise the following functions and powers: (1) To decide on the company's business policy and investment plan; (2) Electing and replacing directors and supervisors who are not employee representatives, and deciding on the remuneration of directors and supervisors; (3) Examining and approving the report of the board of directors; (4) Examining and approving the reports of the board of supervisors or supervisors; (5) To examine and approve the annual financial budget plan and final accounts plan of the company; (VI) To examine and approve the company's profit distribution plan and loss recovery plan; (7) To make resolutions on the increase or decrease of the registered capital of the company; (8) To make resolutions on the issuance of corporate bonds. (9) To make resolutions on the merger, division, dissolution, liquidation or change of corporate form of the company; (10) Amending the Articles of Association. (eleven) other functions and powers stipulated in the articles of association. Where the shareholders unanimously agree to the matters listed in the preceding paragraph in writing, they may make a decision directly without convening a general meeting of shareholders, and all shareholders shall sign and seal the decision document.