Not Just a Win, but a Total Victory!
"Damn it, "Su Qingying glanced at Yao Honglin, and the others slightly raised their hands in acknowledgment. Then she walked to the conference table, pulled up a chair, sat down, tossed her folder on the table, and began reading it, seemingly not wanting to pay attention to anyone else in the meeting.
Seeing Su Qingying's attitude, Yao Honglin and the others understood that Su Qingying's gesture meant to keep a low profile.
The group looked at each other again, and then they all sat down.
After Yao Honglin sat down, he glanced at the director who had just stood up and was closest to him on his left.
This man was in his fifties, with a long face and a bald head. Although his appearance was average, he was wearing a well-fitting suit, and his habitual facial expression gave him the air of a leader with stage fright.
This person is named Wan Wenchang, 54 years old, Senior Vice President of Jinfu Group, CMO of Jinfu Group, which is also the Chief Marketing Officer. He is also the head of the online business group of Jinfu Group.
The so-called online business group mainly refers to the sales affairs of various online shopping malls. All relevant business leaders must report to Wan Wenchang, who in turn Su Ruiwen.
Jinfu Group was originally a traditional offline enterprise, but since the redesign, with the rapid development of the domestic internet, online sales have become increasingly important.
Although today, the majority of sales for major domestic jewelry groups, including Jin Yi Fu Group, still come from offline stores, online sales are increasing year by year and becoming increasingly important.
Wan Wenchang is not a long-time employee of Jinfu Group; his resume is impressive, having held key positions in several large multinational corporations and possessing extensive experience in online marketing.
He was a senior manager personally recruited by Su Ruiwen at an exorbitant annual salary. He joined Jinfu Group eight years ago and continued to expand Jinfu Group's online sales.
Although he did not own any shares in Jinfu Group, he successfully became a director of the group in two consecutive Board of Directors elections under Su Ruiwen's arrangement.
He had a close personal relationship with Su Ruiwen and was a staunch supporter of Su Ruiwen on the Board of Directors.
Yao Honglin glanced at Wan Wenchang, his expression somewhat subtle. He also supported Su Qingying.
It's settled, Mr. Wan.
Yao Honglin suddenly called out in a voice that was neither too loud nor too soft.
Wan Wenchang glanced at Yao Honglin.
Yao Honglin raised an eyebrow at Wan Wenchang, tilted his head slightly, and gestured in Su Qingyuan's direction, but did not speak.
It's not something that can be said outright.
Wan Wenchang was stunned for a moment, then glanced at Su Qingying before he understood what Yao Honglin meant.
He nodded to Yao Honglin.
Yao Honglin smiled, and his gaze toward Wan Wenchang became much warmer.
He knew it! How could Su Qing, the successor on whom the Su Family and most of the Jinfu placed their hopes, suddenly do something like this without any preparation?
Wan Wenchang did give Yao Honglin a polite smile before looking away.
He didn't particularly like Yao Honglin, but that didn't stop him from supporting Su Qingying.
Around 8 p. m. last night, he first talked to Wu Chen, mainly about his family.
After that, he met Su Qingying and Li Ruobing.
He had his own reasons for his predicament, but he didn't think supporting Su Qingying would be a big problem.
Just as Yao Honglin had thought, he also realized that no matter how much turmoil occurred within the Su Family, Jinfu Group would ultimately belong to Su Qingying. Being forced to support the future chairperson in advance was not so difficult to accept.
More people entered the conference room one after another. Finally, it was 3:30 PM. Su Qingying glanced at her watch, then closed her folder, looked up at the conference room, and saw that all the directors who could come had arrived, along with their assistants, secretaries, and members of the supervisory board, totaling more than 30 people. Everyone else sat at the back, behind whoever they were with. Only about a dozen people were actually sitting around the conference table.
All the other directors were already in place, except for Madam Su and the second largest shareholder Xu Zhenyuan, who were still whispering to each other at the window.
Xu Zhenyuan was the original major shareholder and boss of U.S. Dollar Jewelry, and also Yao Honglin's former boss. In fact, he didn't hold many shares in Jinfo Group, only a dozen or so. However, he was indeed the second largest individual shareholder of Jinfu Group, but his shareholding was less than half of Su Ruiwen's. This was even after Su Ruiwen had distributed shares to Su Qingying. Xu Zhenyuan had never been very well-behaved and had secretly acquired shares in the stock market to increase his shareholding. His relationship with Madam Su was not very good either, but the two only argued occasionally and then maintained a polite facade.
Madam, don't worry. Miss Su is probably just getting older and wants to make her own decisions, not even caring about her parents. I will definitely support you this time!
Xu Zhenyuan made his first assurance to Madam Su, his smile somewhat strange. He didn't know how things had suddenly turned out this way within the Su Family.
But Su Ruiwen is still alive, so even if he has his own ideas, he doesn't need to go against Madam Su on such a trivial matter.
Whether he returns or not is irrelevant, because the two or three votes he controls cannot affect the overall situation.
The so-called complete control of the Board of Directors means that controlling more than 2/3 of the seats on the Board of Directors means complete control over the voting on major resolutions, and more than 2/3 of the votes will pass. Madam Su certainly understood this. He wanted to win very easily, but he wanted to win completely. He wanted to ensure that Su Qingying did not receive a single vote, which is why he spoke to Xu Zhenyuan.
Xu Zhenyuan is to do favors whenever possible, so please do me this favor.
Madam Su was quite polite to Xu Zhenyuan, smiling and whispering, "When my husband comes back, let's have a meal together. It's been a long time since we ate together, and there are some things we need to talk about."
Madam Su's words were loaded with meaning and had a hidden agenda.
Xu Zhenyuan smiled and nodded, without saying anything more.
After they finished speaking, they parted ways at the window and went to different parts of the conference room.
Almost everyone's here, let's close the door.
The glamorous and wealthy Madam Su spoke with her arms crossed, gesturing to her assistant.
He walked to the table, and the nearest director pulled out a chair for him, which he then sat down.
Let's begin.
Madam Su continued.
He shouldn't have said that; he's not a board member, he's just an observer at most.
But he said that no one would have any objections at the beginning.
I think everyone here has already heard what this extraordinary Board of Directors is going to discuss.
Su Qingying spoke directly, standing up as she spoke.
Madam Su looked at her daughter with a calm and composed expression.
Jinyinfu Group has a total of 19 directors, including 3 independent directors.
Independent directors are directors who do not hold shares in Jinfu Group and do not have direct business relationships with Jinfu Group.
The prerequisite for becoming an independent director is that one must not have these kinds of relationships, so that one can participate in resolutions and voting in a more fair and impartial manner.
Independent directors are typically key figures in other large corporations, possessing exceptional abilities, reputation, and high social standing.
Another scenario involves representatives sent by investment institutions. Although directors are elected by the Shareholders' Meeting, voting rights at the Shareholders' Meeting are determined according to shareholding ratios. Therefore, if the major shareholders agree, they can ensure that the other party's candidate is selected.
Although the investment institutions are related to Jinyinfu Group, they do not have any business dealings. Their business is not intertwined with that of Jinyinfu Group. They simply provided financing to Jinfu back then and do not interfere with, nor can they interfere with, the company's operations.
The directors they appoint certainly want the company to perform well, because good performance leads to a high stock price, which in turn increases the value of the shares held by investment institutions. Therefore, these appointed directors will definitely consider the company's interests, be fair and impartial, and are also independent directors.
Of the 19 independent directors, 15 were present today, and 4 were absent, including Chairman Su Ruiwen who was in the capital for a meeting, two independent directors who were not in the East Sea, and one internal director who was on Board of Directors can be held.
This was originally just a small matter.
Su Qingying's tone was extremely serious, and her gaze was even somewhat sharp.
Before this meeting, he locked himself in his office for several hours to calm himself down.
He had done everything he could to get this done, firing two middle managers; there was no need to make a scene at the Board of Directors.
As the Executive Vice President, I have the authority to dismiss people directly, and if serious consequences result, I can also accept Board of Directors orders afterward.
Su Qingying spoke, her voice softened, and she looked at Madam Su.
But since the chairman's special advisor has strong opinions, let's hold Board of Directors and let everyone vote.
Madam Su's expression changed slightly. Although it was acceptable to address her that way in such a formal setting, was this still the same obedient daughter from before?
Madam Su's lips curled into a faint, cold smile. "Go ahead and make a scene. Let's see if you'll back down after the vote!"
The more I love my daughter, the angrier I get at her. I must teach her a lesson today.
First, I want to explain why I dismissed Zhou Da, the head of the Security Department, and Yang Ku, the deputy head.
Regarding Zhou Da, Su Qingying began to reiterate the long-winded argument she had already made before, not afraid of wasting her breath; she wanted to reason things out.
The meeting room was quiet; everyone was listening to Su Qingying, and their expressions varied.
Apart from a few people who were listening attentively, no one else was.
Because they had already heard the details, they knew about it.
The important thing is the vote; everything else is irrelevant.
A few minutes later, I said that for the company's benefit, to eliminate negative public opinion, and to show the outside world the attitude of our Jinfu Group, Zhou Da must be dismissed. Of course, it would be best if he could resign through a referral program.
After explaining the reasons for firing Zhou Da and Yang Huo, Su Qinying added that Yang Kuo was currently only a figurehead at the company and did not work for it, so he should be fired immediately.
After speaking, Su Qing sat down, but then added that anyone with an opinion could speak up. He hoped that those who opposed him could give their reasons, rather than opposing for the sake of opposing. Such people, now and in the future, are not suitable to remain on the Jinfu Board of Directors.
Su Qingying's last few words already carried a warning tone, and everyone present understood one thing: no matter what, Su Qingying would take over in the future.
The dozen or so directors present looked at each other, exchanging glances. None of them spoke first; they all understood that it wasn't their turn to speak yet.
Clap clap clap, the applause was dry clapping from Madam Su alone. He clapped for his daughter, a slight sneer on his lips, clapping and laughing as he did so. His smile gradually turned into a hint of appreciation, but it was amateurish appreciation.
Hmph, not bad, not bad at all, Qin Ying, you really impressed your mother today. You were very courageous.
Madam Su spoke with a smile, but then her face darkened as she said, "But regarding today's matter, if I say no, then no."
Madam Su spoke, her gaze swept over the other directors, and she quickened her pace, saying, "What Vice President Su just said makes some sense, but I don't think it's a suitable approach."
There are many ways to mitigate the impact and demonstrate a stance; it doesn't necessarily have to be done by offering a reward.
Zhou Da, the head of the Security Department, has worked hard for Jinfu Group for over a decade, rising from a security manager at a factory to his current position at the head office. He has always been dedicated and conscientious, a long-serving employee with no mistakes. To fire him like this would surely discourage the other long-serving employees.
Madam Su had just thought of these words because Su Qing had made a threat. He wanted to reason with her, and Madam Su was capable of reasoning with him.
Also, you said you could get Zhou Da to resign and give him some compensation privately.
Madam Su then looked at Su Qingying and asked in return, "What if he doesn't agree?"
After a pause, Madam Su glanced at Zhou Da again and said, "He has the right to disagree, so the only option is to fire him."
After that, he could go to labor arbitration, and he might even be used by his competitors to make a big deal out of it in the media.
Who among you would want to see news headlines like "Jinfu failed to quell public opinion and violated labor laws by firing long-time employee Hu Cuo"?
If this matter is handled well, it can indeed demonstrate a stance and quell some public opinion; but what if it's not handled well?
There's a lot of negative news about our group right now, and we're in the eye of the storm. At this critical juncture, is it necessary to take this kind of risk?
After Madam Su finished speaking, she looked directly at Su Qingying. Actually, what he said was wrong. Zhou Da was his man, and persuading Zhou Da would be easy. Giving him a sufficient amount of compensation in private would not be a problem at all.
But his logic is correct; Zhou Da does have the right to refuse to resign, and even Madam Su could persuade Zhou Da to refuse.
However, whether what both sides say is right or wrong is not the point; it's just giving supporters and opponents an excuse.
As Su Qing just said, there shouldn't be any opposition for the sake of opposition at the Board of Directors. It's enough if everyone has their own reasons and arguments.
Madam Su has already said her rebuttal; others don't need to repeat it and can directly state their opinions.
I agree with your opinion; we really shouldn't have taken that risk.
The second largest shareholder Xu Zhenyuan, spoke first, his expression very formal. He was making his stance clear first, which was also a signal to the two people listening to him. He felt very comfortable doing this favor.
I also think that those who understand cars should speak up and vote.
Su Qingying interrupted directly, raising her voice, "There's nothing more to say, both sides have valid points, let's vote directly."
Now, please raise your hand if you support my proposal.
After Su Qingying finished speaking, she raised her hand first.
He is a director, and he has one vote to cast for himself.
At this moment, Madam Su's eyes sharpened as she scanned the area around the conference table. Although she didn't think anyone would support her daughter, she still had to make a show of support.
He wanted to see who dared to support Su Qingying.
Someone raised their hand; they came very quickly.
Not only did Madam Su's expression change, but even the second-largest shareholder, Xu Zhenyuan, changed his expression. His change in expression was even more pronounced than Madam Su's, because the first person to raise his hand to vote alongside Su Qing was not a supporter of Su Ruiwen, but rather one of Xu Zhenyuan's men, Yao Honglin.
This concludes this episode. We hope you'll continue listening!