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Q:
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Can a Director of a company limited send a representative to join the board meeting when he is not able to join?
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A:
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Directors should join the board meeting in person. However, if the article of association defines that the director who cannot join the meeting should send another director as his representative, then the director representing should provide the power of attorney every time when he joins a board meeting. The power of attorney should list clearly the scope of authorization. A director can only represent one person each time.
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Q:
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If the term of the former chairman has ended, when should the company call for board meeting to elect a new chairman?
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A:
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In case the re-election of directors was conducted prior to the expiration of the term of office of the directors of the preceding term, and a resolution was adopted not to discharge the directors of the preceding term until the expiration of the term of their offices as directors, the first meeting of the newly elected directors shall be convened within 15 days after expiration of the term of office of the directors of the preceding term.
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Q:
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When shall the chairman inform the directors and supervisor for board meeting?
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A:
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For ordinary board meeting, the chairman should send written notice to inform all directors and supervisor 7 days in advance and shall state the reason of calling the meeting. For emergency, the meeting can be call at anytime without the constrain of 7 days in advance. Unless other options have been stated on the article of association, the notice should be in written form for calling a board meeting.
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Q:
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Does the supervisor of a company limited have voting right?
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A:
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No, the supervisor only attends the meeting without any voting right.
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Q:
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Can the share subscription warrant by employee be offered to directors or supervisor?
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A:
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Company directors and supervisor are not considered as employee, therefore they are not the qualify to receive the share subscription warrant by employee. However, if a director act as an employee at the same time, he can obtain the warrant based on his identity of an employee.
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FAQ
