Font
Large
Medium
Small
Night
Prev Index    Favorite NextPage

Chapter 1538 Reorganization of the Board of Directors(1/2)

That night, Li Dong slept with peace of mind, but Yuan Chengdao did not sleep all night.

The next day, when Li Dong arrived at the company, he saw that Yuan Chengdao's eyes were black and he didn't say anything.

I asked him to make a plan yesterday. Although Yuan Chengdao didn't have to do it himself, it was not so easy to get a reward plan involving billions of funds a day.

Of course, in fact, Li Dong mentioned this matter more than a day before financing.

If Yuan Chengdao had the intention, he should have prepared a few days ago.

In fact, Yuan Chengdao prepared more than Li Dong imagined. Early in the morning, as soon as Li Dong arrived, Yuan Chengdao came to the office to report the plan.

...

In the office.

Yuan Chengdao did not rush to talk about the plan, but talked a few words and mentioned the issue of rank.

"Mr. Li, the rank in the distance was only 10.

At that time last year, this rank was enough, but this year, level 10 was not enough."

It is said to be level 10, but in fact, Li Dong does not occupy the rank, Yuan Chengdao monopolizes the first level, and the rank division of level 9 is far from enough for the distance now!

Holding Group, Subsidiary Group, Subsidiary Company, Branch...

Now there are more and more industries in the distance, and just a few levels have caused some chaos in the group's position.

The reward plan is also linked to the rank of the job. If you don’t understand this, it is very difficult to carry out a fair reward plan in the entire group.

Li Dong didn't mind and smiled and said, "Then tell me what should I do? Is it an increase in the level or something?"

"I discussed with several personnel departments that in the current distance, it is more appropriate to expand the rank to level 13."

Seeing that Li Dong had no objection, Yuan Chengdao continued: "The holding company can be used at all 13 levels.

Sub-groups, one level lower, have been expanded to 12 levels in total.

Teng Xun, I want to raise the two sides of Weibo a little and expand it to level 11.

Other subsidiaries are divided into 10 levels.

Next, the regions, provincial companies and municipal companies are demoted one after another. What do you think this is the case?"

The reason why he separated Teng Xun and Weibo was that one of the two sides would resume trading and the other would go public. If the ranks of the subsidiaries were divided, his status would be a bit low.

Moreover, Teng Xun may be a little dissatisfied.

Although everyone says it is financial independence and personnel independence, that's nonsense.

Since Yuanfang has controlled the shares, how could it be completely independent? At most, it is relatively independent.

But the industries of these two companies are indeed very large. In terms of value alone, once they go public, they must surpass the largest Yuanfang Retail Group.

If your status is too low, it will make many people feel a sense of gap.

When Li Dong heard him say this, he frowned and said, "Teng Xun and Weibo are half a grade higher than their subsidiary, so the problem is not too big.

But does this mean that as long as its industries are listed in the future, they will be raised half of the level?

Is it an overall improvement, or is it only the executive level?"

Yuan Chengdao obviously had already considered it and nodded, "We can't simply look at whether we go public or not, but also on the value. How much value is created for the group. This is the fundamental thing.

Teng Xun and Weibo can create greater value for the group, so there is no problem with overall increase.

If other subsidiaries can do this, I agree with it. Of course, it will depend on the specific situation at that time.

In short, since you run a business, you will naturally focus on the value you create.

In fact, long ago, I didn’t agree with the regulations of the same level of the subsidiary.

Just talk about Yuanfang Department Store, Guomei Home Appliances, and these subsidiaries are actually on par with Yuanfang Property and Yuanfang Construction Company..."

Yuan Chengdao said helplessly: "Far-front property, Far-front construction, Far-front residential real estate... all the subsidiaries are not as valuable as Far-front Department Store.

The management teams on both sides pay the same price.

You said that the two companies' presidential ranks are the same. Is it appropriate?

The department store and home appliance businesses generate hundreds of billions of revenue and tens of billions of profits for us every year. Can other subsidiaries do it?

So, this time I actually lay the groundwork in advance.

First, I would like to raise Teng Xun and Weibo. Next, I would like to raise the overall level from the subsidiary, and the same is true for Yuanfang E-commerce.

Ultimately, an industrial chain dominated by retail groups and technology groups was formed, and logistics and real estate were auxiliary positions…”

Seeing Li Dong frowning again, Yuan Chengdao immediately added: "I am talking about the overall aspect, and I want to raise the same level of commercial real estate companies, e-commerce logistics and Yuanfang Airlines among real estate companies.

As for the others, there is no need to over-extend it.”

Li Dong pondered for a moment and said, "So, Teng Xun, Weibo, Yuanfang Mall, Department Store, Home Appliances, Commercial Real Estate, Airline, E-commerce Logistics, these eight companies, do you want to carry them up?"

Li Dong originally established 18 subsidiaries, but now Teng Xun has integrated into Teng Xun, and in fact Teng Xun has replaced the status of Fenfang Communication.

Of course, there is also a Yuanfang Cultural and Entertainment Company, which is the company where the industries such as games and videos are located, and in fact, there are only 17 subsidiaries left in Yuanfang, including Teng Xun.

Now Yuan Chengdao wants to improve the status of eight of them, but the rest is half a level lower, which is actually understandable.

Li Dong tapped the table gently, and after a while, he said, "Highing or lowering is all our words."

But everyone may not think so. The bosses before were thinking that I was at least at the same level as XX.

This was suddenly demoted for no reason, and probably I was not happy.

This is also what I didn’t think too much at the beginning, but now I think about it, it’s indeed a bit inappropriate.

Let’s do this, let’s start with Teng Xun and Weibo. The reason is simple. The two companies are about to go public, but they are actually independent of our system. The increase is not too high and there is no big impact.

For the other companies, you will come up with an assessment plan. By the end of the year, you will use the excuse of excellent performance as an excuse to improve, so there will be no big problem.

And... Wanka Toon..."

Li Dong talked about Wankatong, thought for a while and shook his head, "Forget it, Wankatong doesn't have to be too high-profile. The money-burning master, no matter how good we say, it is not good to improve the other party's status without actual benefits."

"So, do you agree?"

Li Dong nodded and smiled, "As long as it is reasonable, why do I disagree?

It's still the same rule, don't count me.

In addition, on the board of directors, I also want to expand the scale.

After all, Liu Hong, Chen Lang and others are all the chairman of the sub-group and they all have their own affairs. They don’t have time to take care of each company. Just put a name on it, and the board of directors still has to be responsible for the entire group.

In addition, several non-executive directors need to be added. Since this time, we will completely pull up the stall.

In the past, our board of directors was useless. In the future, there were more opportunities to hold meetings and we could not be so vague."

The more opportunities to hold a meeting, Yuan Chengdao's heart beats a little again.

Since the beginning of this year, Li Dong's words have sometimes been particularly obvious.

In the past, he said that he retired early was half-joking, and no one dared to take it seriously.

After the establishment of the Executive Committee, it is now starting to improve the positions and arrangements of the board of directors, which is not a simple joke.

If the Supervisory Board is improved, the entire distant system will be completely formalized and will no longer be the era of Li Dong fighting alone.

Yuan Chengdao was thinking about this in his heart, but he kept saying, "Do you have any specific plans for the non-executive director?"

"There is one person on the trade union, and Liu Qi is one. The trade union represents the interests of employees. Liu Qi's office director has been placed, and it will only represent the interests of shareholders in the future..."

The shareholder Li Dong mentioned was about his parents.

Li Chengyuan and Cao Fang, each of them owns 5% of the shares in Yuanfang Holdings. Cao Fang still doesn't know about it, but Li Chengyuan knows about it.

Although Liu Qi also represented them in the past, it was actually a form, and her real position was the secretary of the board of directors.

Now Li Dong has directly removed her other positions, and Liu Qi has become a full-time non-executive director, and can even represent the two to participate in the shareholders' meeting and exercise 10% of their shares.

Of course, the shareholders' meeting really doesn't exist now, and Liu Qi can't do it even if she wants to.

Yuan Chengdao was not surprised. There were actually fewer non-executive directors. In fact, he wanted to say that Liu Hong and Chen Lang would just become non-executive!

Anyway, they do not serve in Yuanfang Holdings. According to regulations, if these people do not serve in Yuanfang Holdings Group, it is natural to become non-executive directors.

It is a bit inappropriate to put the title of executive director.

But I can't say this now.

Once he said that, he would offend all the bosses of the sub-group. No matter how stupid Yuan Chengdao knew that if he really offended these people, even if he became the chairman of the board, he would not be able to sit firmly.

Just as Yuan Chengdao was thinking about something, Li Dong pondered for a moment and said, "I'll look at the reward plan first. You can turn around and notify the board members at home and hold a meeting in the afternoon.

The first is to discuss incentive policies, and the second is the issue of the restructuring of the board of directors of Yuanfang Holdings."

"afternoon?"

Yuan Chengdao was really surprised now. Will he change so soon?

"Yes, in the afternoon, the quick battle and the efficiency must be in place!

Didn’t you call me a quick gunner? I’ll show them!”
To be continued...
Prev Index    Favorite NextPage