Below are the relevant provisions for the Board of Directors and legal representative(s) for Enterprise with Foreign Investments.
Updated:2014-12-05
|
Type of Business |
Board of Directors |
Should the legal representative be the Chairman or an Executive Director? |
|
Sino-Foreign Equity Joint Ventures |
Must establish a Board of Directors |
The legal representative must be the Chairman |
|
Sino-Foreign Co-operative Joint Ventures |
Must establish a Board of Directors or a Joint Managerial Institution |
The legal representative must be the Chairman or the Director of the Joint Managerial Institution |
|
Wholly Foreign-Owned Enterprises |
Does not necessarily need to set up a Board of Directors, but must appoint one Executive Director |
The legal representative must be the Chairman, an Executive Director or a Manager |