According to China's Company Law, if there are a large number of shareholders or the company is large in scale, the company may set up a board of directors, which is composed of a specified number of directors, and the board of directors has one chairman. So is the chairman elected by the shareholders' meeting? The Company Law stipulates that the board of directors of a limited liability company 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. 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 shareholders' meeting, and the chairman is elected by the board of directors, representing the interests of the majority of shareholders. The chairman and vice-chairman of a Chinese-foreign 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. 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. When a foreign-invested enterprise produces a chairman and vice chairman, it should not only consider the interests of the whole enterprise, but also consider the balance of interests of both investors.
legal ground
Article 44 of the Company Law A limited liability company shall have 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.