1. If the number of shareholders of the company is small or the scale is small, there may be no board of directors. The composition of the board of directors of the Company is as follows:
(1) A limited liability company shall have a board of directors with three to thirteen members;
(2) In a limited liability company invested by two or more state-owned enterprises or other state-owned investors, the board of directors shall include representatives of the employees of the company; Other members of the board of directors of a limited liability company may include representatives of employees of the company;
(3) The board of directors shall have a chairman and may have a vice-chairman. The method for the formation of the chairman and vice chairman shall be stipulated in the articles of association.
2. Legal basis: Article 50 of People's Republic of China (PRC) Company Law.
A limited liability company with few shareholders or a small scale may have an executive director instead of a board of directors. The executive director may concurrently serve as the company manager.
The functions and powers of the executive director shall be stipulated in the articles of association.
Article 44
Composition of the Board of Directors A limited liability company has a board of directors with three to thirteen members; However, unless otherwise provided for in Article 50 of this Law.
A limited liability company established by two or more state-owned enterprises or two or more other state-owned investors shall have staff representatives among its board members; Other members of the board of directors of a limited liability company may include representatives of employees of the company. The employee representatives in the board of directors are elected by the employees of the company through employee congresses, employee congresses or other forms of democratic elections.
The board of directors shall have a chairman and may have a vice-chairman. The method for the formation of the chairman and vice chairman shall be stipulated in the articles of association.
2. What are the functions and powers of the board of directors?
1. Call the shareholders' meeting and report the work to the shareholders' meeting;
2. Implement the resolutions of the shareholders' meeting;
3. Decide on the company's business plan and investment plan;
4. Formulate the company's annual financial budget plan and final accounts plan;
5. 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;
7. To formulate plans for the company's merger, division, dissolution or change of corporate form;
8. Decide 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;
10, formulate the basic management system of the company;
1 1. Other functions and powers stipulated in the Articles of Association.