"Then don't make it C-level."
Zhao Chen looked at him with sharp eyes,
"If even basic quality standards cannot be met, such a project should not continue in the first place."
"Chairman Zhao, you may not know much about the actual situation of the engineering industry."
Lin Wanqing's voice was sarcastic,
"Many problems are common in the industry, such as material batch differences and process fine-tuning. If we check according to idealized standards, problems can be found in all projects!"
"Then let's start changing the industry."
Zhao Chen refused to give in,
"Henglong If we want to be a century-old enterprise, we cannot follow the trend. The bottom line of quality must be maintained."
The two sides were in a stalemate.
All eyes once again turn to Song Zhongping--as Chief Operating Officer, his opinion is crucial.
Song Zhongping was silent for a few seconds, then slowly spoke:
"I agree with Chairman Zhao's opinion."
Another heavy blow.
"But," he changed the subject,
"The implementation should be carried out step by step. Evaluate first, then rectify, leaving a buffer period for the project.
For example, a project assessed as Grade C can be given one month for rectification. If the rectification is in place, it can be upgraded to Grade B and construction and payment can continue.
If the rectification is not in place..."
He looked at Lin Wanqing:
"Mr. Lin, do you think a project like that should be stopped?"
This is a clever question.
Lin Wanqing was defeated by an army.
If she says "it should stop", it means supporting Zhao Chen;
If she said "it shouldn't stop", it would be equivalent to admitting that she doesn't care about the quality of the project.
After a few seconds of silence, she gritted her teeth and said, "If the rectification is not in place, of course it should stop."
"Then it's settled."
Zhao Chen follows the trend and makes the decision,
"The evaluation details will be released within a week, and the evaluation will start next Monday. The second issue is passed."
"The third topic is to conduct a penetrating equity verification on Suppliers and its subcontractors."
When Zhao Chen said these words, he clearly felt that the air in Meeting Room became more solid.
This is a real nuclear weapon.
Penetrating verification-means to uncover all Suppliers's Equity Structure and trace them back to the final actual controller.
Those Related Party Transaction and Interest Transfer hidden behind the company will have no way of hiding.
"I firmly oppose it!"
The compromise on the first two issues made Lin Wanqing furious. She stood up first and said,
"This is a trade secret! Suppliers and Equity Structure belong to their core information. Why should we ask for disclosure? This violates the basic principles of commercial cooperation!"
Wang Lei, general manager of the marketing department, immediately followed up:
"And it will damage the cooperative relationship. Thinking about it from another perspective, if Suppliers requires us to disclose the details of all shareholders, can we accept it?"
"This is different."
Zhang Qingxue responded calmly,
"Listed Company has Information Disclosure obligations. Shareholders have the right to know where the company's money flows and whether Related Party Transaction and Interest Transfer are involved.
This is a basic requirement of corporate governance."
"You can ask for it, but you can't force it."
Lin Wanqing refuses to give in,
"We can 'suggest' Suppliers to proactively disclose, but it cannot be a prerequisite for cooperation. Otherwise, many high-quality Suppliers will choose to leave."
"Leave, just leave." Song Zhongping suddenly spoke with a cold tone,
"Really high-quality Suppliers is not afraid of information transparency. Only those who have evil intentions will be afraid of disclosure."
These words were almost pointed at the nose and cursed.
Lin Wanqing's face turned pale. "Mr. Song, what do you mean?"
"Literally." Song Zhongping didn't flinch,
"I have been in operations for so many years and have seen too many skinny companies and shell companies.
With a registered capital of several million, I dare to take on projects worth hundreds of millions.
Where does the money come from? Who is behind it? None of this is clear. Do you know how big the risk is?"
"That doesn't mean one size fits all!" Zhang Tao agreed,
"Many small Suppliers companies have technology and teams, but their financial strength is weak.
If Equity Structure is eliminated because it is complicated, we will miss out on many excellent partners."
"If you miss it, you miss it." Song Zhongping has a tough attitude,
"Henglong needs a stable, reliable and transparent partner now, not a mysterious company with unknown origins."
Meeting Room has a strong smell of gunpowder.
Zhao Chen observed the situation.
Those that support penetration verification are mainly Operations Department represented by Song Zhongping, and Legal and Compliance Department represented by Zhang Qingxue.
Those who oppose it are Financial Investment Department from the Lin Wanqing group.
Other executives continued to remain silent.
This issue is too sensitive and touches the interests of too many people - who knows if there are any relatives or friends here behind those Suppliers?
"Let's do this," Zhao Chen finally said,
"Penetrating verification is not mandatory for the time being, but it is a long-term direction.
At this stage, we will first improve the Suppliers admission standards and regard equity clarity as a bonus item, rather than a must."
This is an obvious concession.
Lin Wanqing was about to speak when Zhao Chen continued:
"But audits and quality reviews must be carried out. This is the bottom line."
He looked at Lin Wanqing: "Mr. Lin, do you have any opinions?"
Opposite the west eye.
Lin Wanqing saw the unquestionable decision in Zhao Chen's eyes.
She knew that if she continued to object, the day might not end.
"... No." She gritted her teeth and sat down.
"Okay." Zhao Chen scanned the audience,
"The audit and quality evaluation will start today. The meeting will be adjourned."
Executives are leaving Meeting Room one after another.
When Song Zhongping passed by Zhao Chen, he paused slightly, nodded slightly, and then left as if nothing had happened.