What committees are there under the board of directors?

The Board of Directors has the following committees: 1. Audit committee of the board of directors. Mainly responsible for the communication, supervision and verification of internal and external audits of the company; 2. Nomination Committee of the Board of Directors. Mainly responsible for the selection of directors and managers, selection criteria and procedures and making suggestions; 3. Performance Compensation Committee. To be responsible for formulating and assessing the assessment standards of directors and managers of the company, formulating and reviewing the remuneration policies and plans of directors and managers of the company, and being responsible to the board of directors; 4. Strategy and Investment Committee of the Board of Directors. The Strategy and Investment Committee of the Board of Directors is a special working body established by the Board of Directors, which is mainly responsible for studying the company's long-term development strategy and major investment decisions and making suggestions.

The process of the board meeting is as follows: 1. First, it is convened and presided over by the chairman; 2. The directors shall exercise the right to vote on the matters discussed; 3. The board of directors shall make minutes of the meeting, which shall be signed by the directors present at the meeting; 4. Specific discussion methods and voting procedures shall comply with the provisions of laws and articles of association.

The differences between the shareholders' meeting and the board of directors are as follows: 1. The ingredients are different. The shareholders' meeting is composed of shareholders, staff representatives of the board of directors and other members; 2. Different in nature, the shareholders' meeting is the authority and the board of directors is the executive body to manage the daily affairs of the company; 3. Different responsibilities. The general meeting of shareholders is the authority, which has the right to decide on major issues of the company, and can choose to approve and recall the board of directors. The board of directors shall be responsible to the shareholders' meeting, report its work to the shareholders' meeting and implement its resolutions. In short, the board of directors will generally set up four committees: Audit Committee, Nomination Committee, Performance Compensation Committee and Strategy and Investment Committee of the board of directors. Generally, only listed companies are required to set up professional committees under the board of directors. The functions of the four professional committees are different, and the proposed scheme is submitted to the board of directors for consideration.

I hope the above content can help you. If in doubt, please consult a professional lawyer.

Legal basis:

Company Law of the People's Republic of China

Article 44

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.