Military industrial hegemony

Chapter 1487 Six independent committees under the board of directors
[Revised version] First of all, the company's highest management body is the general meeting of shareholders, and the next step is the permanent board of directors.Although it is this structure, there is no difference in Jiang Chen and his company. Anyway, they have few shareholders, so they are all the same.The reason for this is to comply with relevant procedures.The board of directors has a chairman, a vice chairman, four directors, and a supervisor. This is basically the highest management body of the company.Under the board of directors, there are multiple institutions. First of all, the group head office is the core of the entire company and is responsible for the core business and management of the entire group company.In addition, there are some organizations that hang under the board of directors, such as the trade union mentioned earlier.

In addition to trade unions, there are other organizations with other aspects or functions.The first is the audit committee, which refers to a professional committee mainly composed of non-executive directors in the board of directors.The audit committee refers to the committee initiated by the board of directors of the issuing securities company and composed of board members.Its purpose is to oversee the company's accounting, financial reporting and audit of the company's financial statements.The main responsibilities of the audit committee are not only to propose to hire or replace external audit institutions, but also to supervise the company's internal audit system and its implementation.And be responsible for the communication between internal audit and external audit, review the company's financial information and its disclosure.In addition to these, it will also review the company's internal control system and audit major related transactions, and in addition to these, it will undertake some other things authorized by the board of directors.

The chairman of the audit committee is headed by Glasses, the only director on the board of directors who does not hold a specific position in the company.He will take the lead in hiring relevant job changers to set up the chairman of the audit committee and perform related duties.In this regard, Glasses itself has studied financial accounting and has studied abroad, so it is perfect for him to take up this important position.

Although the company has relatively few shareholders, it includes state-owned shares. In addition, the relationship between these shareholders is also relatively complicated. Apart from business partners, they are also very good friends and brothers.Sometimes this kind of emotion and interest are intertwined, which can easily lead to contradictions or conflicts.The establishment of such an audit committee is also to prevent such things from happening in the future, or to solve these things more fairly.It is not necessary to hurt the emotions and relationships between everyone for these things, and cause mutual distrust, which is also very detrimental to the development of the company.

This second organization is called the Strategic Investment Committee, and its main function or responsibility is to conduct research and make recommendations on the company's long-term development strategic plan, and to conduct research and make recommendations on major investment and financing plans approved by the board of directors.In addition, it will also conduct research and make recommendations on major capital operations and asset management projects approved by the board of directors, research and make recommendations on other major issues that affect the company's development, and inspect the implementation of these items, etc.Of course, it can also perform some other duties assigned by the board of directors.

This institution is quite special, it is more like a research institution, so it is composed of a team of relevant experts.The main thing is to put forward some professional suggestions to the company's board of directors, or some related materials, and research reports on some aspects, etc.Therefore, Jiang Chen is more inclined to hand over the person in charge of this aspect to a suitable professional talent.According to Jiang Chen's thinking, it is best to find a retired economics professor or an expert in related fields to be the head of the institution.However, for a while, Jiang Chen didn't have a suitable candidate, so he could only hand it over to the human resources department or the nomination committee below.

The next step is the nomination committee, which is mainly responsible for making recommendations to the board of directors on the size and composition of the board of directors based on the company's operating activities, asset size and ownership structure.Study the selection criteria and procedures for directors and general managers, and make suggestions to the board of directors, and review and make suggestions for director candidates and general manager candidates.In addition, it can also undertake other functions assigned by the board of directors, such as reviewing and making suggestions for other senior executives of the company proposed to be hired and appointed by the board of directors.

To put it bluntly, this is mainly in terms of personnel, to conduct a review and supervision of the members of the board of directors and the company's top management.And from this aspect, its existence just makes up for the blind spot of the group's human resources department in this aspect.The human resources department of the group company is mainly responsible for the management of middle and low-level cadres and workers.For high-level leading cadres, its effect is obviously much weaker.Moreover, a large part of these high-level cadres are at the same level as or even higher than the human resources department, so there is no way to supervise them.And in this regard, the Nomination Committee is just able to fulfill its duties in this regard.

As for this aspect, Jiang Chen handed it over to Ma Jun, the vice chairman of the company.Similarly, among these people, Jiang Chen had absolute trust in Ma Jun.That's why I handed over this aspect to him.I also hope that his vice chairman, who doesn't show up very much, can have enough deterrent power to stabilize the situation at critical times.

According to the organizational structure, there is also a remuneration and appraisal committee under the board of directors, which mainly formulates remuneration policies, plans or programs based on the main scope, responsibilities, importance of management positions of directors and senior managers, and the remuneration levels of other relevant positions in related companies .Remuneration policies, plans or programs mainly include but are not limited to performance evaluation standards, procedures and main evaluation systems, main programs and systems for rewards and punishments, etc.In addition, it will also review the performance of duties by the company's directors and senior managers, conduct annual performance appraisals, and be responsible for supervising the implementation of the company's remuneration system, etc.Jiang Chen has not yet decided on the candidate for this aspect, so he can only leave it empty, and this organization is not in such a hurry compared to other organizations, so it can be left behind.However, Jiang Chen also has a preliminary idea at present, that is, he plans to hand over this committee to the director who represents the employees.However, this is just an idea, and the specifics will have to be improved later.

In addition, under the board of directors, there is another organization, and this organization is the strategic development planning committee that Jiang Chen is personally in charge of or leads.This committee was newly added by Jiang Chen. Its main responsibilities are to conduct research and forecast on the company's future development direction, future products, future technologies, future markets, and future companies, and provide relevant guidance and suggestions to the committee. etc.

(End of this chapter)