Can the chairman of a listed company be replaced within one year?
The chairman of a listed company cannot be replaced within one year. According to Article 45 of the Company Law, the term of office of directors shall be stipulated in the articles of association, but each term shall not exceed three years. Every three years, the company holds a board meeting and then votes. Where a director fails to be re-elected in time upon the expiration of his term of office, or a director resigns during his term of office, resulting in a quorum of board members, the original director shall still perform his duties as a director in accordance with laws, administrative regulations and the Articles of Association before the re-elected director takes office. Upon expiration of the term of office, directors may be re-elected.