Can a joint stock limited company not have a board of directors?

Legal analysis: a limited liability company with a small number of shareholders or a small scale may not have a board of directors.

Legal basis: People's Republic of China (PRC) Company Law.

Article 24 A limited liability company shall be established by capital contribution of shareholders with less than 50 persons.

Article 50 A limited liability company with a small number of shareholders or a small scale may have an executive director instead of a board of directors. The executive director may concurrently serve as the company manager. The functions and powers of the executive director shall be stipulated in the articles of association.