Executive director is an executive director in the legal sense, which refers to a position set up by a small limited company without a board of directors to be responsible for the company's operation and management. The executive director is responsible for the shareholders' meeting and exercises the following powers: (1) Convening the shareholders' meeting and reporting to the shareholders' meeting; (2) Implementing the resolutions of the shareholders' meeting. (3) To decide on the company's business plan and investment plan; (4) To formulate the company's annual financial budget and final accounts; (five) to formulate the company's profit distribution plan and loss compensation plan; (6) To formulate plans for the company to increase or decrease its registered capital and issue corporate bonds.
Article 44 of the Company Law of People's Republic of China (PRC) * * * A limited liability company shall have a board of directors, and the members of the board of directors shall include representatives of the employees of the company; 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.