What Directors Should Know About the New Company Law in China

February 2024
Region: Asia Pacific

One of the significant changes under the amended Company Law (“New Law”) that will come into effect from July 1, 2024, is that the board of directors (BOD) of a company no longer “reports to” the shareholders and is, instead, generally expected to act in the best interest of the company. In connection with this change, the New Law expands the duties of the BOD and imposes additional liabilities on directors, supervisors and executive officers.

Read the full article to explore these areas in more detail:

  • Expanded duties
  • Conflicts of interest
  • Liabilities to third parties
  • Mitigation of risks

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