Major decisions of the company, especially major investments, mergers and acquisitions and other financial projects, are decided by the chairman. During the operation of the company, the general manager of the company is responsible for all kinds of financial expenses and cost budget. From the administrative leadership relationship, the finance department belongs to a management department of the company and is directly led by the general manager; The CFO is a member of the board of directors and is responsible to the board of directors and the shareholders' meeting. From the perspective of accounting law, finance has the right to perform its duties independently. Anyone who violates the laws of the state can resist and report to the competent department of the state. As the core department in a company, the financial department is generally managed directly by the boss or entrusted by the boss to a trusted professional manager. In the setting of organizational structure, the principle of combining execution with supervision will be followed, that is, the supervision department will be set up outside the specific execution department. Therefore, when setting up a finance department, an audit department or a financial management committee is usually set up at the same time to supervise the finance department.

The appointment of the chief financial officer is proposed by the manager and decided by the board of directors. According to relevant laws and regulations, the person in charge of finance belongs to the senior management of the company. The person in charge of finance refers to the person who is generally the chief accountant or chief financial officer and is fully responsible for the financial management, accounting and supervision of the company.

To sum up, the appointment of the person in charge of finance is proposed by the manager, decided by the board of directors, and inspected by the board of supervisors.

Legal basis:

People's Republic of China (PRC) (China) Company Law

Article 53

The board of supervisors and the supervisors of companies without a board of supervisors shall exercise the following functions and powers:

1, check the company's finances;

2. Supervise the performance of directors and senior management personnel in the company's duties, and put forward suggestions for the removal of directors and senior management personnel who violate laws, administrative regulations, articles of association or resolutions of the shareholders' meeting;

3. When the actions of directors and senior managers harm the interests of the company, they are required to correct them;

4. Propose to convene an interim shareholders' meeting, and convene and preside over the shareholders' meeting when the board of directors fails to perform its duties as stipulated in this Law;

5. Put forward proposals to the shareholders' meeting;

6. To institute legal proceedings against directors and senior managers in accordance with the provisions of Article 151 of this Law;

7. Other functions and powers as stipulated in the Articles of Association.