Elected by employees under three statutory circumstances, see Paragraph 2 of Article 45 of the Company Law:
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.
Other members of the board of directors of a limited liability company may also 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.
Article 68 of the Company Law: "A wholly state-owned company shall set up a board of directors and exercise its functions and powers in accordance with the provisions of Articles 47 and 67 of this Law. The term of office of directors shall not exceed three years.
Extended data:
Provisions of company law on directors' obligations. Article 148 of the Company Law stipulates that directors, supervisors and senior management personnel shall abide by laws, administrative regulations and the articles of association of the company, and have the duty of loyalty and diligence to the company.
1. The directors are responsible for the daily operation and management of the company.
2. The power of directors is to manage the company through trust. "Being trusted" means that they have the responsibility of honesty and credit. They must act in accordance with the interests of the company and use their power according to the specified purpose.
If the directors are negligent in dealing with the company's business, they must be responsible for the damage caused by negligence.
4. The Company Ordinance has strict provisions on the duties of directors. For example, in the case of liquidation of a company, if its business seems to be aimed at defrauding creditors or others, the court may decide that those who intentionally participate in fraud must personally bear the debts and other responsibilities of the company.
5. If the company is liquidated, it seems that the person who participated in the establishment and establishment of the company or any senior official, liquidator or receiver abused, kept or took charge of any money or property of the company, or this person committed misconduct and violated the duties of the company, the court may force this person to hand over or repay the money or property to the company, or inject assets in the form of compensation.
References:
Peking University Legal Information Network-Company Law