1. The authority of a joint stock limited company is the general meeting of shareholders.
2. The decision-making body of a joint stock limited company is the board of directors. That is, a collective organization composed of more than two directors. It is the permanent management organization of the company, which conducts business internally, represents the company externally and is responsible to the shareholders' meeting.
3. The executive body of a joint stock limited company is composed of the general manager and his assistants, who are responsible for the daily operation of the company.
4. The supervisory body of a joint stock limited company is the board of supervisors. Refers to the organization that supervises the business activities of the board of directors. It is the permanent organization of the company, elected by the shareholders' meeting from among the shareholders, and may not be concurrently held by directors or managers.
Legal basis:
Article 37 The shareholders' meeting of a limited liability company shall be composed of all shareholders. The shareholders' meeting is the authority of the company and exercises its functions and powers in accordance with this Law.
Article 38 The first shareholders' meeting shall be convened and presided over by the shareholder with the largest capital contribution, and shall exercise its functions and powers in accordance with the provisions of this Law.
Derivative problem:
What are the contents of shareholders' rights?
The rights of shareholders include:
1. Attend or entrust an agent to attend the shareholders' meeting to exercise voting rights.
2. The right to vote and to be elected.
3. The right to transfer capital contribution or shares according to law.
4. Right to know.
5. Income distribution right and the distribution right of the company's remaining property.
6. The preemptive right of the company's newly-increased capital.
7. The right to propose an extraordinary general meeting of shareholders, and the right to convene and preside over the general meeting of shareholders under certain circumstances.