1. The chairman of a limited liability company shall be stipulated in the articles of association and jointly formulated by the shareholders. In fact, the chairman is elected from all shareholders and represents the interests of shareholders.
2. The chairman of a joint stock limited company is elected by more than half of the board of directors, the directors are elected by the general meeting of shareholders, and the chairman is elected by the board of directors, representing the interests of the majority of shareholders.
3. The chairman and vice-chairman of a Chinese-foreign equity joint venture shall be determined by the parties to the joint venture through consultation, or elected by the board of directors, one of whom is the chairman and the other is the vice-chairman.
4. The chairman and vice-chairman of a Chinese-foreign contractual joint venture with legal personality shall be stipulated in the articles of association of the enterprise, with one party as the chairman and the other as the vice-chairman.
Extended data:
A limited company may have an executive director, but no board of directors. Therefore, it is not necessary to have a board of directors, but at least one director (person in charge of the company) should be selected from the shareholders to represent the company.
A joint stock limited company must have a board of directors consisting of at least three directors. The chairman is elected by the board of directors with the consent of more than half of all directors.
The chairman is the leader of the company's board of directors, and his duties are of the nature of organization, coordination and representation. The power of the chairman belongs to the responsibility of the board of directors. He doesn't manage the specific business of the company and generally doesn't make personal decisions. He only enjoys the same voting rights as other directors when the board of directors meets or special committees of the board of directors meet.
References:
Baidu Encyclopedia-Chairman