The shareholders' meeting is the highest authority of the company, consisting of all shareholders, making decisions on major issues of the company, having the right to appoint and remove directors and having extensive decision-making power over the company's operation and management. Shareholders are the ultimate owners of the company.
The board of directors is a decision-making body composed of directors, responsible for the company's affairs internally and representing the company externally.
The directors are elected by the shareholders' meeting and represent the shareholders to actually manage and operate the company.
The board of supervisors is an organization composed of all supervisors to supervise the company's business activities and accounting affairs. The board of supervisors, also known as the company's board of supervisors, is a statutory and necessary supervision institution of the joint-stock company, and an internal institution under the leadership of the shareholders' meeting. It is set up side by side with the board of directors to supervise the administrative management system of the board of directors and the general manager.
The board of supervisors supervises the daily business decisions of the board of directors and is responsible to the shareholders' meeting.
Independent director The so-called independent director refers to a director who is independent of the company's shareholders, does not hold a position in the company, has no important business or professional contact with the company or its managers, and makes independent judgments on the company's affairs.
Independent directors are generally business people. Must be independent in personality, economic interests, production procedures, exercise of rights and so on. , and is not restricted by the controlling shareholder and the management of the company. It is to prevent the internal control of controlling shareholders and management from harming the overall interests of the company.