設立時取締役は、設立しようとする株式会社が取締役会設置会社（指名委員会等設置会社を除く。）である場合には、設立時取締役（設立しようとする株式会社が監査等委員会設置会社である場合にあっては、設立時監査等委員である設立時取締役を除く。）の中から株式会社の設立に際して代表取締役（株式会社を代表する取締役をいう。以下同じ。）となる者（以下「設立時代表取締役」という。）を選定しなければならない。
If the stock company to be incorporated is a company with board of directors (excluding a company with nominating committees, etc.), the directors at incorporation must appoint among the directors at incorporation (if the stock company to be incorporated is a company with audit and supervisory committee, excluding a director at incorporation who is an audit and supervisory committee member at incorporation) a person who is to be the representative director (meaning the director who represents the stock company; the same applies hereinafter) as at incorporation of the stock company (hereinafter referred to as "representative director at incorporation").
The directors at incorporation may remove the representative director at incorporation at any time prior to the formation of the stock company.
The appointment and removal of the representative director at incorporation pursuant to the provisions of the preceding two paragraphs are determined by a majority of the directors at incorporation.