The shareholders' meeting is the highest authority of the company, which is composed of all shareholders, making decisions on major issues of the company, having the right to appoint and remove directors, and having extensive decision-making power over the company's operation and management. Shareholders' meeting is not only a regular or temporary meeting attended by all shareholders, but also the highest authority of a corporate enterprise composed of all shareholders. It is an organization in which shareholders, as the owners of enterprise property, exercise property management rights over the enterprise. All major personnel appointments and dismissals and major business decisions of an enterprise are generally valid only after being recognized and approved by the shareholders' meeting.
The board of directors is a decision-making body composed of directors, responsible for the company's affairs internally and representing 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 supervisors consists of supervisors elected by the shareholders' meeting and supervisors democratically elected by the employees of the company. It is a legal permanent institution to supervise and inspect the business activities of the company's legal education network. The board of supervisors, also known as the company supervision committee, is a statutory and necessary supervision institution of joint-stock companies. It is an internal organization set up side by side with the board of directors under the leadership of the shareholders' meeting, and exercises supervision over the administrative management system of the board of directors and the general manager.