What should major shareholders do if they misappropriate company funds?

Legal analysis: In the crime of misappropriating funds, according to the relevant regulations, employees of companies, enterprises or other units take advantage of their positions to misappropriate the funds of their own units for personal use or lend them to others, and the amount is large, which has not been paid back for more than three months, or although it has not exceeded three months, the amount is large, which is a profit-making or illegal act.

Legal basis: According to Article 149 of the Company Law of People's Republic of China (PRC), directors, supervisors and senior managers who violate laws, administrative regulations or the Articles of Association when performing their duties shall be liable for compensation.

Article 152 Where a director or senior manager violates laws, administrative regulations or the Articles of Association and damages the interests of shareholders, the shareholders may bring a lawsuit to the people's court.