The company has been often labelled a trading company i. However, the VOC was in fact an early-modern corporate model of vertically integrated global supply chain   and a proto- conglomerate , diversifying into multiple commercial and industrial activities such as international trade especially intra-Asian trade ,       shipbuilding, and both production and trade of East Indian spices ,  Indonesian coffee , Formosan sugarcane ,   and South African wine. In the early s, by widely issuing bonds and shares of stock to the general public, [f] VOC became the world's first formally listed public company. With its pioneering institutional innovations and powerful roles in global business history, the company is often considered by many to be the forerunner of modern corporations. In many respects, modern-day corporations are all the 'direct descendants' of the VOC model.
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