What are the general duties of establishing a board of directors?

A limited liability company shall have a board of directors with three to thirteen members. A limited liability company established by two or more state-owned enterprises or other two or more state-owned investors shall have staff representatives among its board members. The employee representatives in the board of directors are democratically elected by the employees of the company. The board of directors shall have a chairman and may have one or two vice-chairmen.

Legal basis: 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.