1. Decide on the company's business policy and investment plan;
2. Elect and replace directors and decide on their remuneration;
3. Elect and replace supervisors appointed by shareholders' representatives, and decide on the remuneration of supervisors;
4. Review and approve the report of the board of directors;
5. Review and approve the report of the board of supervisors or supervisors;
6. Review and approve the annual financial budget and final accounts of the Company. The board of directors is an operating executive body composed of all directors established in accordance with relevant laws, administrative regulations and policies and the articles of association of the company or enterprise. The board of directors is the executive body of the shareholders' meeting or shareholders' meeting, responsible for the command and management of the company or enterprise and its business activities, and responsible for and reporting its work to the shareholders' meeting or shareholders' meeting. The board of directors must implement the resolutions made by the shareholders' meeting or the shareholders' meeting. The obligations of the board of directors mainly include making and keeping the minutes of the board meeting, compiling the articles of association and various account books, reporting the capital gains and losses to the shareholders' meeting in time, and applying for bankruptcy to the relevant authorities when the company is insolvent. After the establishment of the joint-stock company, the board of directors came into being as a stable institution.
Article 46 of the Company Law of People's Republic of China (PRC), the board of directors shall be responsible to the shareholders' meeting and exercise the following powers:
(1) Convene the shareholders' meeting and report the work 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;
(seven) to formulate plans for the merger, division, dissolution or change of corporate form of the company;
(VIII) Deciding on the establishment of the company's internal management organization;
(9) To decide on the appointment or dismissal of the company manager and their remuneration, and to decide on the appointment or dismissal of the company's deputy manager and financial officer and their remuneration according to the nomination of the manager;
(X) To formulate the basic management system of the company;
(eleven) other functions and powers stipulated in the articles of association.
What is the composition of the board of directors?
The board of directors is a decision-making body composed of directors who are responsible for company affairs internally and represent the company externally. The company has a board of directors, which is elected by the general meeting of shareholders. The board of directors has a chairman and a vice-chairman, who are elected by the board of directors. The term of office of directors is three years. Upon expiration of the term of office, directors may be re-elected. Before the expiration of a director's term of office, the shareholders' meeting shall not dismiss him without reason. The board of directors is an operating executive body composed of all directors established in accordance with relevant laws, administrative regulations and policies and the articles of association of the company or enterprise.