A listed company must have independent directors. Unlisted joint-stock companies and limited companies do not set up this position. According to relevant laws and regulations, independent directors need to have no interest relationship with company management. A listed company shall also set up a secretary of the board of directors.
Legal objectivity:
Article 122 of the Company Law A listed company shall set up independent directors, and the specific measures shall be formulated by the State Council. Article 123 A listed company shall have a secretary of the board of directors, who shall be responsible for the preparation, document keeping, shareholder information management and information disclosure of shareholders' general meetings and board meetings. Article 124 Where a director of a listed company has an associated relationship with the enterprise involved in the resolution of the board of directors, he shall not exercise the right to vote on the resolution, nor shall he exercise the right to vote on behalf of other directors. The board meeting can only be held when more than half of the unrelated directors are present, and the resolutions made at the board meeting must be passed by more than half of the unrelated directors. If there are less than three unrelated directors present at the board of directors, they shall be submitted to the shareholders' meeting of the listed company for deliberation.