Decision Making Bodies Sample Clauses

Decision Making Bodies. 3.1.1 The target company has a general meeting of shareholders as the highest authority, and shareholders exercise their voting rights in proportion to their shareholdings. 3.1.2 The target company shall have executive directors and general managers. The general manager and legal representative are held by ▇▇ ▇▇▇▇▇▇▇, and the executive director is appointed by Party A. Both Party A and Party B shall go through the formalities for the change of executive director while going through the industrial and commercial change registration.