The company implements the general manager responsibility system and is fully responsible for the company's operation and management. Under the general manager's office, R&D center, business department, logistics department, manufacturing department, securities department, administration department, audit department and other functional departments. Each department has its own responsibilities and cooperates with each other to ensure the effective completion of various economic management indicators issued by the board of directors.
A joint-stock company refers to a company with shares as its capital, and its shareholders are liable to the company to the extent of the shares subscribed by them.
China's "Company Law" stipulates that the establishment of a joint stock limited company should have more than 2 promoters and less than 200 people. Because all joint-stock companies must be limited liability companies (but not all limited companies are joint-stock companies), they are generally called "joint-stock companies".
Joint-stock companies came into being in Europe in the18th century, and were widely popular in capitalist countries in the second half of the19th century. So far, joint-stock companies have dominated the economy of capitalist countries.
General characteristics
1. The shareholders are extensive.
A joint stock limited company raises funds by issuing shares widely to the public. Any investor can become a shareholder of a joint stock limited company as long as he subscribes for shares and pays for them.
2. The capital contribution is in the nature of shares.
In a joint-stock company, the capital contribution of shareholders is of a stock nature.
This feature is one of the differences between a joint stock limited company and a limited liability company. The total capital of a joint stock limited company is divided into equal shares, and shares are the smallest unit that constitutes the company's capital.
3. Limited liability of shareholders
The shareholders of a joint stock limited company shall be liable for the debts of the company only to the extent of the shares subscribed by them, and the creditors of the company shall not directly ask the shareholders of the company to pay off the debts.
4. Openness and freedom of shares
The openness and freedom of shares include the issuance and transfer of shares. Joint stock limited companies usually raise funds publicly by issuing shares, which makes the number of shareholders large and widely distributed. At the same time, in order to improve the financing ability of stocks and attract investors, stocks must be highly liquid and freely transferable and traded.
5. Openness of the company
The operation of a joint stock limited company should be made public not only to shareholders, but also to the society. Let the public know about the company's operating conditions, which is also one of the differences with limited liability companies.