Is a company in the Hainan FTP required to set up a board of directors?

Is a company in the Hainan FTP required to set up a board of directors?

Not necessarily.

A limited liability company with a small number of shareholders or a small scale company may have an executive director and no board of directors. A wholly state-owned company shall have a board of directors.  A joint stock limited company must have a board of directors.

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Related article: Hainan FTP Q&A

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