1. The responsibility of the legal representative of a listed company is to participate in civil activities on behalf of the enterprise as a legal person, be fully responsible for the production, operation and management of the enterprise, and accept the supervision of all members of the enterprise and relevant authorities. If an enterprise violates regulations, not only the enterprise will be punished, but also the company as a legal person will be punished accordingly.
2. Legal basis: Article 3 of People's Republic of China (PRC) Company Law.
The company is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.
2. What are the risks of the legal representative?
1. The legal liability of the legal representative of an enterprise is that an enterprise as a legal person has one of the following circumstances. In addition to investigating the legal person's liability, the legal representative may be given administrative sanctions and fines. If the case constitutes a crime, criminal responsibility shall be investigated according to law:
(1) engaging in illegal business beyond the business scope approved and registered by the registration authority;
(2) Concealing the real situation from the registration authority or the tax authority or practicing fraud;
(3) Evading funds or hiding property to avoid debts;
(4) Disposing of property without authorization after dissolution, cancellation or bankruptcy;
(5) Failing to apply for registration and announcement in time at the time of alteration or termination, thus causing great losses to the interested parties;
(six) to engage in other activities that harm the national interests or social public interests prohibited by law.
2. The legal business activities of the legal representative (that is, the executive organ such as the company's chairman) are mostly regarded as civil acts of enterprise legal persons, and the enterprise legal persons shall bear civil liabilities. If the legal representative engages in the relevant business approved at the time of registration of an enterprise as a legal person and operates legally, and handles the bankruptcy, dissolution and cancellation of registration of the enterprise in time and makes an announcement, the legal representative shall not be liable.