The board of directors is an operating executive body composed of all directors established in accordance with relevant laws, administrative regulations and policies and the articles of association of the company or enterprise. Has the following characteristics:
The board of directors is the business executive body of the authority of the shareholders' meeting or the employees' meeting of the enterprise. It is responsible for the command and management of the company or enterprise and its business activities, and is responsible for and reports its work to the shareholders' meeting of the company or enterprise. The board of directors must implement the decisions made by the shareholders' meeting or the employees' shareholders' meeting on major issues of the company or enterprise.
China's laws stipulate the number of directors of limited liability companies and joint stock limited companies respectively. Article 45 of the Company Law stipulates that a limited liability company shall have a board of directors with 3- 13 members. Article 5 1 of the Company Law stipulates that a limited liability company with fewer shareholders or a smaller scale may have an executive director instead of a board of directors. Article 109 of the Company Law stipulates that a joint stock limited company shall set up a board of directors with 5- 19 members.