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What is the income distribution of factory directors in the collective economy?
The total income available for distribution in that year includes the total income realized in that year and the undistributed income at the beginning of the year.
Urban collective enterprises implement the factory director (manager) responsibility system. It is stipulated that collective enterprises shall implement the factory director (manager) responsibility system. The factory director (manager) is responsible for the meeting of enterprise employees (representatives) and is the legal representative of collective enterprises. The factory director (manager) is elected or recruited by the meeting of enterprise employees (representatives). Conditions, powers and responsibilities are stipulated in the regulations.
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