Below are the relevant provisions for the Board of Directors and legal representative(s) for Enterprise with Foreign Investments.

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