Rebirth of the Age of Wealth

Chapter 595 Prestige and Power

Li Weidong picked up the documents on the table in front of him, paused and said: "According to the election of the board of directors, I will continue to serve as the chairman of the company!"

This was not surprising, but the audience still showed enthusiasm and applauded warmly.

Li Weidong waited for the applause to disappear and continued: "In accordance with the company law and the company's articles of association, Mr. Xu Dehai is elected as the chairman of the company's board of supervisors!"

"Chairman Supervisor Xu is an old man in the company. He has outstanding work ability, is rigorous and conscientious in his work, fair and decent in dealing with things, and has a strong professionalism. I believe that Chairman Xu will be able to perform the company's supervision and review work well and keep a good watch on the company!"

As the applause rang out, Xu Dehai stood up and bowed, "Thank you to the chairman and colleagues for their trust. I will go all out to ensure that the responsibilities and mission of the supervisory board are fulfilled!"

There is nothing unexpected about this. The people attending the meeting have already known about it, and it can be seen from the arrangement of seats that Xu Dehai has been promoted this time.

From being the company's most junior vice president to becoming the company's chief supervisor, Xu Dehai resigned from the system as a quasi-senior cadre to join Li Weidong's team.

Now that we have careers and wealth, our income in one year is as much as many people make in most of their lives!

Li Weidong continued: "The board of directors elected Ms. Zou Yi as the company's director and appointed her as the company's general manager to preside over the company's overall work!"

"Mr. Zou has been with the company for eight years and has been responsible for the management of the company's foreign business for a long time. He has achieved outstanding results. He also has a broad international vision and advanced management experience. I believe that Mr. Zou will definitely help the company move toward modernization and internationalization!"

After Li Weidong finished commenting on Zou Yi, the applause from the audience hesitated for a moment before starting. Of course, it was equally neat and enthusiastic.

"Thank you to the chairman for your trust and all my colleagues for your support. I hope to work with you in the future to bring the company to a higher level!"

News that Zou Yi has assumed the position of general manager of the company has long been circulated. In fact, Zou Yi has already begun to perform his duties, but it has not been announced to the public.

It's just that his position as a director of the company makes everyone a little confused. This news is announced for the first time, and many people think that since Zou Yi serves as the general manager, according to domestic and foreign practices, he should be the vice chairman and general manager of the board of directors.

Prior to this, although Li Weidong was the chairman of the company, the company actually did not have a complete board of directors. Domestic Xinsheng Holdings only had Li Weidong as executive director. Although Zou Yi and Zheng Sijing of Ruibos Holdings in Hong Kong were directors, they actually did not have a complete board of directors.

There has never been a serious board meeting.

There is a high degree of overlap between the board of directors and the company's management. Usually, there is no need for the board of directors. The most important thing is that major development strategy matters are decided by Li Weidong, and there is no need to hold a board of directors.

Now that we need to separate the strategic decision-making layer from the executive layer, we should naturally have a decent board of directors, but it does not need to be too bloated, as this will make the decision-making efficiency very low.

So after consulting a consulting company, Li Weidong decided to establish a capable board of directors composed of five people.

However, there are only two internal directors of the company, Li Weidong and Zou Yi, and the other three are all external independent directors, all of whom are well-known experts in related industries at home and abroad.

A five-person board of directors plus several advisory committees is completely enough for Li Weidong. These people can turn his forward-thinking ideas into realistic strategies.

Naturally, an organization of five people does not need a vice chairman, and there are only two internal directors. If Li Weidong is absent, Zou Yi will be the ex-officio convener of the board of directors and will also exercise the powers of the vice chairman to a certain extent.

Li Weidong continued to read out the content of the document, "The company hired Mr. Liu Jienuo, the former head of Asia and senior partner of PricewaterhouseCoopers, as the company's independent director!"

"..."

“The company hired Mr. Lin Yifu, director of the Economic Research Center of Beijing University, as the company’s independent director!”

"..."

“The company hired Mr. Wang Ning, vice president of the Chinese Lawyers Association, to serve as the company’s independent director!”

"..."

Li Weidong did not introduce much about these people. He just briefly talked about his resume and then said some words of welcome.

The director whose name was mentioned stood up to introduce himself to everyone, and the audience burst into applause. To the bosses of each subsidiary, these independent directors were just decorations, and they had no control over them anyway.

Then Li Weidong accelerated his pace and began to introduce the company's internal staff!

"Mr. Zheng Sijing serves as the company's deputy general manager, chief investment officer, and general manager of the strategic investment management department!"

"Mr. Xia Guoqiang serves as the company's deputy general manager and general manager of the machinery manufacturing division!"

"Ms. Tian Ya serves as the company's deputy general manager and chief financial officer!"

"Mr. Jiang Zongtao serves as the company's deputy general manager and chief risk officer!"

"We are all familiar with these people and have business dealings with each other, especially Ms. Tian Ya. She must have audited everyone, so I won't introduce them in too much. I hope everyone can unite and work well!"

"In addition, the company has established seven business divisions based on industry-related or strategic synergies. I think this is what you are most concerned about now!"

"Now welcome Mr. Zou to introduce to you the company's reform matters, the heads of each business department, and the organizational relationship between the business departments and each subsidiary!"

According to the meeting agenda, Li Weidong presided over the meeting, but some work still had to be done by others, and according to convention, whoever makes this report is supporting the other person. Now is an opportunity for General Manager Zou Yi to establish prestige.

The establishment of prestige requires accumulation over time, relying on the right time, right place, right people, and leadership skills.

As the top leader, Li Weidong had the right time and place to create such opportunities for his subordinates. In the end, the harmonious atmosphere had to be accumulated by Zou Yi himself.

A qualified general manager can save a lot of things for Li Weidong, and cultivating a trustworthy and capable general manager is not an easy task.

Zou Yi was dressed very formally today, wearing a luxurious and decent business suit. She looked very capable and fit the role of a strong professional woman.

She first stood up and bowed slightly to Li Weidong next to her, then smiled and nodded to everyone in the audience, and then began to speak.

Pressing the microphone in front of him, he cleared his throat and said: "Chairman, good morning, colleagues. I am honored to be able to take on this important responsibility. I am very happy to have the opportunity to give you a work report!"

"This reform of the company is a major change based on organizational reform, which involves all aspects of the company..."

"This is a long-term top-level reform that has consumed a lot of efforts of the chairman. It is a management mechanism tailor-made for the company's development and is the foundation for the company to move towards an international group!"

"..."

Zou Yi came to China and quickly adapted to the domestic procedures. He blew his rainbow farts for free!

"At the same time, in order to meet the company's diversified strategic development needs, under the far-sighted strategic arrangement of the chairman, the company has established seven business divisions, namely machinery manufacturing, finance, consumption, real estate and construction, electronic information, medicine and emerging industries, and the Internet

and software!”

"After full consideration by the company's board of directors and the manager's office meeting, the person in charge of the machinery manufacturing business unit is concurrently appointed by Vice President Xia, and the heads of the other business units are..."

Everyone mentioned will stand up and pay tribute to the CEOs in the audience. In fact, there will definitely be a protracted tug-of-war between these responsible persons and these CEOs.

Especially for a junior business unit leader like Zhang Dongshuo, who still manages a large capital industry such as finance. In fact, for a moment, Zhang Dongshuo wanted to give up.

Look at the several financial industry CEOs sitting together under the stage, with stingy smiles on their faces.

This smile was probably given because he was Li Weidong's former secretary, and if Li Weidong hadn't been sitting in front of him, the smile would have disappeared.

But Zhang Dongshuo knew that it was too late for him to retreat at this time, so he had to go ahead and retreat. At this time, it was Li Weidong who was hit in the face by retreating.

Even the reforms may start to falter.

Zou Yi paused for a moment, letting everyone's applause dissipate, and then continued: "Each subsidiary will be guided, managed, and supervised by one or more business units according to different businesses!"

"Each business department and each subsidiary will maintain relative independence and maintain an "arm's length" relationship, that is, between management and being managed, supervision and being supervised, and we will adhere to procedures and systems."

"The business department has the right to guide the operating activities of subsidiaries, but does not interfere; it provides corrections in strategic directions, but does not replace them; it provides financial assistance, but does not take over everything."

"In terms of specific forms, the main points are as follows. First, the business department has the right to assess the business capabilities of important leaders of the subsidiary and report to the group company!

"Professional outside directors can be assigned as needed. Directors are selected from an expert pool recruited by the Human Resources Department from around the world to identify outstanding management and operation experts. The salary of outside directors is borne by the head office."

"Second, when a subsidiary develops new business, carries out major business operations, or makes major investment decisions, it must undergo sufficient demonstration and submit to the business department for review, otherwise it will not be approved."

“Third, the business department should send people from time to time to the company or its subsidiaries to investigate and understand the situation, exercise supervision rights, provide guidance on the business, correct and assist deviations, make research reports to the group company based on the actual situation, and provide guidance to the subsidiaries.

Provide reasonable suggestions for the company’s existing problems.”

"Fourth, subsidiaries should submit financial reports every quarter. The business department conducts performance analysis based on the company's financial reports, analyzes the reasons for poor performance, and proposes countermeasures."

As soon as Zou Yi finished speaking, the discussion below became much louder. If the four rules were really implemented, wouldn't these subsidiaries be stuck by the business department?

First, there is the personnel power, which can assess you; then there is the business management right; there is also the supervisory power and the right to make suggestions; and finally, even the financial power is involved.

If it was such a job, their future work would be really passive. Li Weidong could not hear clearly what these buzzing discussions were about, but he knew it without thinking.

But at this time, there is no room for discussion. Regardless of whether they accept it or not, Cheng Ming cannot be taken back.

There was no sound on the podium, and more than a dozen company executives just looked at the people in the audience quietly.

The people in the audience slowly realized this, and the discussion stopped immediately. The venue of more than a thousand people was so quiet that you could even hear breathing. They lowered their heads and did not dare to look at Li Weidong's black face!

After a pause, Li Weidong ignored the previous discussion, but cleared his throat and said: "First of all, I would like to congratulate you all on assuming your new positions. I hope you will work hard in your new positions and do the things under your jurisdiction meticulously!

"

"There is no lifelong tenure for the company's cadres. From me to everyone in the audience, there is no exception. Our team will become larger and larger, the requirements for the cadres' level will become higher and higher, and the assessment will become more and more strict!"

"Those who are incompetent should be removed from their posts and put into suitable jobs; those who are lazy and lazy should be demoted, dismissed, or even fired. This principle also applies to me!"

"If one day, the company thinks that my level is no longer suitable for the company's development needs, or if it is difficult to manage the company, they will also request to resign!"

"For example, now, I feel that I am not qualified for the position of general manager of the company, so I have to take the initiative to quit and let the more capable Mr. Zou take over!"

"We must carefully train our successors and have successors, so that our business can prosper!"

"Don't worry about teaching the disciples and starving the master. Training successors is the most important job of a leader. If you promote new people, don't worry about not having your place!"

"The company is developing at a rapid pace, and we need a lot of cadres. I am afraid that you will be slow to train them. If there is no position, you can come to the stage or even sit in my position!"

"This is the first point I want to make. No one's position is tenure-track. Although we do our best to select people, if there is someone who is not suitable or can't do a good job, we can step down at any time or even fire him!"

"Second, you must have professionalism and enterprising spirit. The company is not a nursing home. If you are not motivated, just go home. Don't affect the overall situation here!"

"The company does not allow such complacent and unprofessional senior leaders to exist. As the company's senior managers, you must concentrate on doing things. If there is nothing to do, then it is the main target for optimization and streamlining!"

"Third, communication is the eternal theme of our work. Business departments must communicate with each company, and each company must actively communicate with each business department!"

"If you have any opinions, you can raise them. Don't hold it back, let alone talk behind your back or do things that hinder the unity of the company!"

"Everyone here should improve your self-cultivation and learn the art of leadership. Relying on position, power, losing temper, or even threatening and making things difficult will not succeed!"

"The door of my office is always open. If you have any opinions or doubts, you can chat with me at any time. I also hope that your office will also be open to open communication channels between superiors and subordinates!"

Li Weidong criticized the discussion just now without leaving any trace. If you have any problems, you can come to me directly to respond. Do not engage in confrontation behind the scenes or engage in petty tactics of non-cooperation and making things difficult.

(End of chapter)