The functions and powers of the shareholders' meeting and the board of directors are as follows:
1. According to Article 37 of the Company Law, the functions and powers exercised by the shareholders' meeting include determining the company's business policy and investment plan and amending the company's articles of association.
2. According to Article 46 of the Company Law, the functions and powers exercised by the board of directors include convening the shareholders' meeting, implementing the resolutions of the shareholders' meeting and formulating the basic management system of the company.
Legal objectivity:
Company Law of the People's Republic of China
Article 46
The board of directors shall be responsible to the shareholders' meeting and exercise the following functions and 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.