You can not be a director of the company, but only a shareholder. The two are different roles:
Shareholder
A person who is the owner of a company and holds shares of the company
Distribution of the company’s profits (dividends) and assets according to the proportion of shareholdings
It has the right to elect and remove directors
Major decisions are made to the company through the general meeting of shareholders
Director
He is the manager of the company and is responsible for formulating the company’s strategy and supervising the management
Elected by shareholders to represent their interests
Have the right and obligation to manage the day-to-day affairs of the company
Bear legal responsibility for the company’s operation
Therefore, shareholders and directors are two different things:
Shareholders only have ownership of the company, but they are not required to participate in the management of the company
Although the directors are not the owners of the company, they are responsible for setting the strategy and supervising the management
Therefore, as a shareholder in law, you have the right not to serve as a director of the company, but only to enjoy shareholder rights such as dividends and voting rights.
However, it is generally recommended that the majority shareholder also serve as a director, as this will not only better represent and defend the interests of shareholders, but also provide a more detailed understanding of the company’s operations
In general, if you are a shareholder of a company, you are not legally obliged to become a director of that company. However, from a practical point of view, concurrently serving as a director is usually more conducive to protecting and promoting the interests of shareholders
