Although Lao Duan has an industrial background, the mining industry he is engaged in is very different from the traditional manufacturing industry. Before he became the chairman of the listed company Changda Holdings, he personally visited Guan Yuntian and asked him about certain issues.

I humbly ask for advice. In addition, Lao Duan also wants to find out the truth through personal contact with Guan Yuntian, the boss behind the scenes.

As soon as he became the largest shareholder of Changda Holding Company, he encountered an unprecedented environmental storm, which inevitably reminded Lao Duan. He once suspected that Changda Group was behind it and wanted to prevent him from becoming the chairman of the listed company and give him a job.

When a problem arises, give him a blow first.

Of course Lao Duan didn't know the truth. Changda Group planned to reduce its equity holdings in listed companies and was willing to take a back seat and give up the position of chairman of Changda Holding Company. This was their established policy to withdraw from the traditional manufacturing industry in a planned way. Ye Jiayi

As the general manager of Changda Group and the direct person in charge of Changda Auto Parts Company, I was already extremely busy, so I took advantage of this opportunity to withdraw from Changda Holding Company.

Safety and environmental protection are the two indicators that government regulatory agencies pay the most attention to in the physical manufacturing industry. Lao Duan has a deep understanding of safety issues. The current environmental protection rectification has been confirmed by Guan Yuntian, and Lao Duan can understand it.

However, the environmental protection rectification is different from the safety issues that Lao Duan is familiar with. This involves process flow and production management. For him, a layman, to lead this work, Lao Duan feels that it is beyond his capabilities. "Mr. Guan, we hope to get your help for the upcoming environmental protection rectification."

support."

"Mr. Duan, please rest assured. Although we are no longer the largest shareholder, we are still the second shareholder of Changda Holdings. On the one hand, we also bear certain responsibilities for environmental rectification. In addition, the incident happened on our territory.

We should fulfill our friendship as landlords." Guan Yuntian said.

"Mr. Guan, it is said that at the previous board of directors, an environmental protection rectification leading group has been established, and you and Mr. Ye have been hired as consultants. We are now the largest shareholder. If nothing else, I may be the leader of the group.

Chief. I came to visit Mr. Guan today and hope to get the full support of Mr. Guan and Mr. Ye in the process of environmental protection rectification."

"I have already said that supporting environmental protection rectification is also our responsibility. Mr. Duan can rest assured that if you have any requests, you can make them at any time and we will go all out."

Since the policy stipulated a time limit, I was not waiting for environmental protection rectification. After the establishment of the new board of directors, in order not to waste time, Ye Jiayi immediately handed over the work to the new chairman Lao Duan.

After seeing the documents from the Municipal Environmental Protection Bureau, Lao Duan felt that time was tight. He asked Ji Yu Ye Jiayi where to start the rectification work.

"Funds, we must first raise a certain amount of funds. Before the handover, I have arranged for the financial department to raise funds in the secondary market. How is the financing effect now? With a certain amount of funds, we can implement it." Ye Jiayi said.

"Mr. Ye, where should the specific implementation begin?" This question has always existed in Lao Duan's mind.

"For the specific implementation of environmental protection rectification, you have to ask Mr. Guan, because he has been personally responsible for the previous rectifications and he is very experienced in this area."

Lao Duan had an in-depth exchange with Guan Yuntian again. Guan Yuntian told him that during the environmental protection rectification process, technical matters can be completely left to the technical department. When it comes to equipment procurement, in order to be open and transparent, bids should be conducted as much as possible.

If there is a need to coordinate with government functional departments, Guan Yuntian will take the initiative to solve the problem.

As the boss of Fengyuan Mining Company, Lao Duan is undoubtedly a smart man. Although he knows nothing about manufacturing, he has many things to do in the process of environmental protection rectification.

Yuntian understood everything at first glance. Apart from specific technical issues, equipment bidding and procurement, or dealing with government departments, it didn't take long for Lao Duan to become familiar with it.

The only difference is that the purpose of equipment bidding is to be open and transparent in terms of spending money, but this boss Duan takes money more seriously. In this regard, compared with Guan Yuntian and Ye Jiayi's calmness and detachment, he is far behind!

When dealing with government departments, Lao Duan's personality as a mining company boss is clearly displayed. He must treat guests and give gifts for everything, and the gifts are always generous.

Without comparison, there is no way to distinguish between superior and inferior. In the past, when Ye Jiayi of Changda Group was the chairman of the board, she would treat guests and give gifts in order to do things, but that was only done when she had no choice. Since the old Duan of Fengyuan Mining Company became a director

For a long time, treating guests and giving gifts has become a common thing, and the financial department is worried about this, because according to the financial system, the cost of treating guests and giving gifts cannot be recorded at all.

What other shareholders can't tolerate is that a lot of equipment needs to be purchased during the environmental protection rectification process. According to the requirements, all equipment worth more than 5,000 yuan will be purchased through bidding. I don't know if Mr. Duan finds it troublesome or he doesn't understand what democratic management is. Equipment

There is a form of bidding, but he is unwilling to set up a real bidding evaluation agency. Which bidding unit wins the bid is decided by him and several shareholder representatives of Fengyuan Mining Company. Sometimes it is even Lao Duan himself who has the final say.

Faced with this situation, the three shareholders of Changda Group saw it, but in accordance with Guan Yuntian's request to "speak less on the board of directors", Lao Ding and others turned a blind eye to it. The shareholder representatives of Changda Group remained silent.

, but other shareholder representatives couldn't stand it anymore. They couldn't bear it. A board member who had a good relationship with Lao Ding asked privately: "Mr. Ding, this is not how you managed before! Lao Duan's management style is not at all like this."

Democracy, he is so arbitrary, does he think that the entire Changda Holding Company is his company? I think he does not pay attention to other shareholders at all."

"Everyone's management style is different. Maybe this is Lao Duan's management style." Lao Ding didn't want to discuss this issue with the other party.

"You are a person who has seen the world. Do you think Lao Duan's management style is democratic? Does he know that joint-stock listed companies should implement democratic management?"

"This matter is related to the quality of each manager. High-quality managers highly respect democratic management and will consciously implement democratic decision-making throughout the management process. For those with low quality, they will think about everything.

If you have the final say, you will naturally put aside democratic decision-making." Lao Ding did not answer directly.

"What kind of qualities! Lao Duan has a mining background, what kind of qualities can he have? I think this guy just wants to take the listed company as his own."

"Fengyuan Mining only holds 20% of the equity of Changda Holdings. It will not be easy for him to take the entire company as his own. Unless he pays to acquire all the equity of other shareholders, does he have the strength?"

"However, if Lao Duan is allowed to do whatever he wants, the entire listed company will not be much different from his own business! Isn't there any way to stop him?"

"Not only is there a way, but it is also very simple. The articles of association of joint-stock companies clearly stipulate that any shareholder has the right to request a board meeting to discuss and hold accountable the company's management for inappropriate behavior," Lao Ding said.

"We are all small shareholders. Except for Fengyuan Mining, only Changda Group's words on the board of directors have weight. Mr. Ding, you have long seen that Lao Duan has behaved improperly. Why didn't you mention it to him?"

"We also have difficulties, Changda Group

It is the company of the previous chairman. If we now come forward to find fault with the new chairman, some people will misinterpret our intentions, so it is better for us to remain silent."

In fact, through further reduction of holdings, Changda Group currently holds only about 10% of the equity of listed companies.

"Well, I will contact several small shareholders and jointly propose to convene a board of directors to restrain Lao Duan's unscrupulous behavior."

Sure enough, at the shareholder representative meeting a few days later, many shareholders criticized the behavior of chairman Lao Duan, but it was difficult for Lao Duan, a boss with a miner background, to listen to different opinions, "Fengyuan Mining is the largest shareholder of the listed company.

As the chairman, I don’t even have the right to decide on the winning bidder, so why aren’t you the largest shareholder?”

"Mr. Duan, even if Fengyuan Mining is the largest shareholder, isn't your equity only 20%? So you have to make it clear that the listed company Changda Holdings is not your company alone."

"So what? The company's articles of association stipulate that the largest shareholder serves as chairman. Do you have any objections?" Lao Duan deliberately changed the concept.

"We have no objection to the first shareholder being the chairman of the board, because this has long been stipulated in the company's articles of association, but Mr. Duan, don't forget that in the same company articles of association, it also stipulates that the company's management must implement democratic management

, democratic decision-making, what you are doing now is exactly the opposite of the provisions of the company's articles of association!" a shareholder said unceremoniously.

"I implemented an open bidding process for the procurement of environmental protection equipment. What else do you want me to do?" Lao Duan seemed to feel a little aggrieved.

"Of course there is nothing wrong with the bidding. The problem lies in the determination of bidders. You operated in secret and did not conduct public reviews, which made us feel that the shareholders' money was spent unfairly."

In fact, Guan Yuntian proposed from the beginning that every bidder should be publicly reviewed during the equipment bidding process, but Lao Duan made his own decision and rejected Guan Yuntian's suggestion.

"Everyone has objections to the equipment bidding, but isn't it because they didn't let you participate? Is it worth it for you to mobilize all your troops and waste energy for such a small thing?"

"Mr. Duan, no matter how you understand it, we believe that your operating in secret and making arbitrary decisions during the equipment bidding process violates the requirements of democratic management stipulated in the company's articles of association. On this point, you should learn from Changda Group and serve as their

During my tenure as chairman, democratic decision-making was implemented on all matters of the listed company."

"Everyone, do you know what this means? I am also the general manager of Fengyuan Mining Company. Management work varies from person to person. My understanding is that as long as you can manage effectively, you are a qualified manager."

Duan spoke without shame and with great plausibility.

Seeing that Lao Duan not only refused to accept criticism from shareholders, but was instead self-righteous, one shareholder was angered and said, "Mr. Duan, don't think that your Fengyuan Mining is now the largest shareholder of the listed company. You are the chairman, and others can't do anything to you."

You must not forget that besides you, other shareholders also hold 80% of the equity of the listed company. As long as you are willing to do so, if you want to unite several shareholders, you can exceed Fengyuan Mining Company by 20%.

With your equity share, it is not that difficult to remove you from the position of chairman."

Lao Duan can turn a deaf ear to other criticisms, but if he continues to pretend to be deaf and dumb to such threatening comments, he may end up as chairman.
Chapter completed!