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Can 60% controlling shareholders hire employees?
60% controlling shareholders can hire employees. Whether shareholders can recruit employees needs to be handled in accordance with the company's articles of association.
If the shareholder can control, jointly control, and significantly influence the invested unit, the shareholder can appoint members to the board of directors, and the number of people will be determined by the number of voting rights of the shareholder. The board can then decide on key positions. You can also stipulate in the investment agreement or the articles of association whether to send personnel to participate in the work of the financial department. Shareholders can also hire a third-party independent agency such as an accounting firm to audit the financial and internal controls of the invested unit.
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