After stepping down as chairman and party secretary of China Datang Corporation in early December last year, Chen Feihu’s next stop has become clear: serving as a full-time outside director of a central enterprise. A message recently published on the official website of the State-owned Assets Supervision and Administration Commission of the State Council disclosed the above appointment.
The above news also shows that Wang Yilin and others have been appointed as external directors of China Three Gorges Corporation Limited for a term of three years. Cao Peixi was appointed as an external director of China National Development and Investment Group Co., Ltd. and China North Industries Group Co., Ltd. for a term of office until November 2023. In January 2020, Wang Yilin, who was “overtime service”, stepped down as chairman and party secretary of CNPC. In November 2018, Cao Peixi stepped down as chairman and party secretary of Huaneng Group and retired at age. Wang Yilin and Cao Peixi are currently also deputy directors of the Economic Committee of the CPPCC.
According to incomplete statistics from news (www.thepaper.cn), since 2020, the State-owned Assets Supervision and Administration Commission of the State Council has intensively appointed and adjusted external directors (including full-time external directors) of central enterprises. A number of energy central SOE executives left their original positions and entered the full-time external director sequence of central SOEs, including Yang Qingting, former deputy general manager and party member of Huadian Group, Yang Ya, former party member, deputy general manager and chief accountant of State Power Investment Corporation, and CNPC former member Xu Wenrong, Deputy Party Secretary and Deputy General Manager, Mi Shuhua, former Party Member and Deputy General Manager of National Energy Group, Wen Limin, former Party Member and Chief Accountant of China Southern Power Grid, Ren Shuhui, former Party Member and Deputy General Manager of Huadian Group, China Petroleum & Chemical Corporation Lei Dianwu, former senior vice president of the company, etc.
What is the position of a full-time outside director of a central enterprise? This can be traced back to the “Administrative Measures for Full-time External Directors of Central Enterprises in Pilot Central Enterprises by the Board of Directors (Trial)” issued by the SASAC in October 2009. According to the relevant provisions of the document, full-time external directors refer to persons appointed and hired by the SASAC to serve as external directors in pilot companies on the board of directors. During the term of office, full-time outside directors shall not hold other positions in the company where they serve, or hold positions in units other than the company they serve.
In addition, full-time external directors are included in the list of names of corporate leaders managed by the SASAC Party Committee, and are managed according to the current heads of central enterprises; full-time external directors are reading the document , Participating in relevant meetings and activities, etc. enjoy the same political treatment as the heads of central enterprises; the selection, evaluation, incentives, and training of full-time external directors are under the responsibility of the SASAC.
The full-time outside directors report to the SASAC every six months, and important matters are reported in time. The above-mentioned management measures propose that one of the basic conditions for the appointment of full-time outside directorsWang Binghua, who retired from the position of party secretary and chairman of the State Power Investment Corporation in January 2008, is currently an outside director of China Mobile Communications Corporation and Sinochem Corporation. After retiring, Lu Chun, the former chairman of the Three Gorges Group, became the outside director of the State Power Investment Corporation and the Ordnance Industry Group.