First, the number of directors of a limited company should be at least a few.
China's laws stipulate the number of directors of limited liability companies and joint stock limited companies respectively.
Article 44 of the Company Law stipulates that a limited liability company shall have a board of directors with 3- 13 members. Article 50 of the Company Law stipulates that a limited liability company with fewer shareholders or a smaller scale may have an executive director instead of a board of directors. Article 108 of the Company Law stipulates that a joint stock limited company shall set up a board of directors with 5- 19 members.
Two. What are the duties of the board of directors?
The board of directors can be regarded as the executive body of the power of the joint-stock company and the legal representative of the enterprise. Sometimes it is called management committee and executive committee. The board of directors consists of two or three or more directors.
Other matters may be decided by the board of directors, except for the powers that should be exercised by the shareholders' (general) meeting according to the laws and articles of association. The board of directors of an enterprise is the decision-making body of enterprise management, and the board of directors is responsible to the shareholders (shareholders' meeting).
The obligations of the board of directors specifically include: making and keeping the minutes of the board's proceedings, compiling the articles of association and various account books, reporting the capital gains and losses to the shareholders' meeting on time, and applying for bankruptcy to the relevant administrative authorities when the enterprise is insolvent.
3. What power does the board of directors have?
1, responsible for convening the shareholders' (general) meeting; To implement the resolutions of the shareholders' (general meeting) and report the work to the shareholders' (general meeting);
2. Implement the resolutions of the shareholders' meeting;
3. Decide on the production and operation plan and investment plan of the enterprise;
4. Formulate the annual financial budget and final accounts of the enterprise;
5. Formulate the profit distribution plan and loss compensation plan of the enterprise;
6. To formulate plans for enterprises to increase or decrease their registered capital and issue corporate bonds;