1, supervise the management of state-owned enterprises
Including supervising the financial situation, business plan, investment decision and personnel management of state-owned enterprises, and putting forward reasonable suggestions and opinions to promote the improvement of the management level of state-owned enterprises.
2. Protect the legitimate rights and interests of state-owned enterprises.
The main duties of external directors are to protect the legitimate rights and interests of state-owned enterprises and safeguard their interests. They supervise the business activities of state-owned enterprises, prevent the interests from being infringed, and ensure that the compliance of state-owned enterprises meets the requirements of laws and regulations.
3. Ensure the company's compliance
By reviewing the company's daily financial activities, external directors review the company's decisions to ensure that these decisions comply with applicable laws and regulations.
The main functions of external directors are:
1. Avoid the high overlap between directors and managers, truly realize the separation of decision-making power and executive power, and ensure that the board of directors can make judgments and choices independently of management.
2. Ensure that the board of directors selects, evaluates and rewards managers who work part-time on the board of directors, and avoid non-external directors, especially executive directors, selecting, evaluating and rewarding themselves.
3. External directors are not responsible for the administrative affairs of the enterprise. This role is conducive to external directors to better represent the interests of investors.
4. In enterprise risk management, internal audit and after-tax profit distribution. , is conducive to the independent role of external directors.
5. Hiring high-level professionals as external directors can bring more professional knowledge and experience from outside the enterprise to the board of directors.