The System Of Outside Director Of Wholly State-owned Companies

The system of outside directors is an important measure of strengthening the construction of the Board of Directors. To establish and improve the system of outside directors, it can implement enterprise decision-making and implementation of separation of ownership and to achieve the collective decisions of the Board, better represent the interests of investors. To adapt to the market economy, State-owned companies must strengthen the construction of the Board, introduce a central part of the external system is to strengthen the construction of the Board of Directors. Outside directors system of the state-owned companies in the resolution of internal control, formed science policy plays an important role. From home and abroad on the legislation and practice of outside directors, particularly external Director of pilot experiences in Shanghai, as can be seen, in the state-owned companies in the implementation of the external governance structure optimization system for the Board of Directors, raising the level of corporate governance, establishing the modern enterprise system has a very important significance. System of external directors of the State-owned company is in the pilot phase, although there has been some success, formed a certain system, but there is much room for improvement. Mechanisms should be from the appointment of outside directors, special committees, supervision of work and decision-making mechanisms, incentive and restraint mechanisms, improve the system of external directors.