External directors have no administrative or management responsibilities in the appointed company, but their duties are to supervise the management, participate in formulating the direction of the company's business and affairs, and express positive and objective opinions on the above and other issues faced by the board of directors.

The introduction of external directors can greatly improve the supervision effect of the board of directors on managers. Independent directors are often managers or decision-making experts of other enterprises. They can use their professional knowledge and independent judgment to provide constructive suggestions for the development of the company, examine the company's strategy with their honesty and ability, and help the management to improve their business activities and enhance the company's value.

Take Huo as an example. He is currently a deputy to the 14th National People's Congress, vice president of Fok Ying Tung Group and vice chairman of the 13th Committee of all-china youth federation. He has rich professional technology and management experience and is a patriotic industrialist. He can make a fair and objective judgment on COFCO and avoid the situation of "the authorities are fascinated".

The historical development of COFCO;

In 20 14, COFCO was identified as the first batch of pilot enterprises of state-owned capital investment companies, and successively carried out product development projects such as food special oil, whole wheat flour, U-shaped products, Keyikang protein powder and peptide series products, and developed 1 156 kinds of healthy and delicious foods that meet the needs of the market and consumers.

2065438+On March 23, 2004, COFCO and Nedra Group of the Netherlands formally signed an agreement, and COFCO acquired the equity of Nedra 5 1%, and the two sides established a strategic cooperative relationship.

201165438 On October 26th, 2004+/kloc-0, with the approval of the State Council, China Hua Fu Trade Development Group Co., Ltd. was merged into COFCO, which will become its wholly-owned subsidiary, and China Hua Fu Trade Development Group Co., Ltd. will no longer be directly supervised by SASAC. 2065 438+06 07 05 16 With the approval of the State Council, China China Textile Group was integrated into COFCO Corporation and became its wholly-owned subsidiary.

2065438+July 2006 18, COFCO started the reform of state-owned capital investment companies in an all-round way. COFCO and China China Textile Group held the kick-off meeting of the reform strategy reorganization in Beijing, announced the start of the strategic reorganization, and announced the reform pilot scheme of COFCO state-owned capital investment company. In April, 2020, it was selected into the list of "Science and Technology Reform Demonstration Enterprises" of the State Council State-owned Assets Supervision and Administration Commission.

Reference to the above content: Baidu Encyclopedia-COFCO Group Co., Ltd.