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Can a foreign company be appointed as a director of a WFOE?

April 26, 2017appointed COMPANY director foreign wfoe

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Can a foreign company be appointed as a director of a WFOE?

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A corporation cannot be appointed as the director of an FIE including the WFOE in China. However, there is an exception. In the case of a Sino-foreign cooperative joint venture enterprise (CJV), the parties to the CJV can appoint a third party to management all the business activities of the CJV, subject to the approval of the board of directors and the approval authority.