A director refers to a person who is elected by the company's shareholders' meeting and has the actual power and authority to manage the company's affairs. He is the main force of the company's internal governance, managing the company's affairs internally and conducting economic activities on behalf of the company externally. A director may be a natural person or a legal person.
Election process:
Convene a shareholders' (general) meeting and propose to join the board of directors of the company according to the shareholders' proposal;
After the resolution is passed, employees can be arranged to go to the industrial and commercial bureau for industrial and commercial registration.
According to the provisions of Article 147 of the Company Law, a director of a joint stock limited company may not be appointed under any of the following circumstances:
(1) Persons without or with limited capacity for civil conduct;
(2) Being sentenced to punishment for committing crimes of corruption, bribery, embezzlement of property, misappropriation of property and disrupting the order of the socialist market economy, and the execution period is less than five years, or being deprived of political rights for committing crimes, and the execution period is less than five years;
(3) It has not been more than 3 years since the date of bankruptcy and liquidation of the company or enterprise, who has served as a director, factory director or manager and is personally responsible for the bankruptcy of the company or enterprise;
(4) Being the legal representative of a company or enterprise whose business license has been revoked and ordered to close due to violation of law, and having personal responsibility, it has not been more than three years since the date when the business license of the company or enterprise was revoked;
(five) a large amount of debt owed by an individual has not been paid off due.
If the company elects, appoints directors, supervisors or hires senior management personnel in violation of the above provisions, the election, appointment or appointment shall be invalid. Directors, supervisors and senior management personnel shall be dismissed in any of the above circumstances during their tenure.