The Age of Rebirth

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 by the board of directors, I will continue to serve as the chairman of the company!"

This is not surprising, but the audience still showed enthusiasm and gave warm applause.

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

"Chairman Xu is an old man in the company. He has outstanding work ability, is rigorous and conscientious in his work, is fair and decent, and has a strong sense of professionalism. I believe that Chairman Xu will be able to perform the supervision and review work of the company well and check for the company!"

When the applause sounded, Xu Dehai stood up and bowed to express his gratitude, "Thank you to the chairman and colleagues for their trust. I will do my best to ensure the fulfillment of the responsibilities and missions of the board of supervisors!"

This was no surprise, the participants had already known about it, and it could be seen from the arrangement of the seats that Xu Dehai had been promoted this time.

From the most junior vice president of the company to the chairman of the company's supervisor, Xu Dehai resigned from the system and joined Li Weidong's team as a quasi-senior official at that time.

Now that I have a career and wealth, my annual income is the sum of most people's lifetime!
Li Weidong continued: "The board of directors elected Ms. Zou Yi as the director of the company, and appointed him as the general manager of the company to preside over the overall work of the company!"

"Mr. Zou has been in the company for eight years and has been in charge of the management of the company's foreign business for a long time. He has made great achievements. He also has a broad international perspective and advanced management experience. I believe that Mr. Zou will definitely help the company move towards modernization and internationalization!"

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

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

The news that Zou Yi has assumed the position of general manager of the company has also been circulated for a long time. In fact, Zou Yi has already started to perform his duties, but it has not been announced yet.

It's just that the position of director of the company makes everyone a little puzzled. This news is announced for the first time, and many people think that since Zou Yi is 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 did not actually have a complete board of directors. Domestic Xinsheng Holdings only had Li Weidong as an executive director. There was no serious meeting of the board of directors.

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

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

Therefore, after consulting a consulting company, Li Weidong decided to set up a lean board of directors consisting 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-member board of directors plus several advisory committees is completely enough for Li Weidong. These people can make his advanced ideas into realistic strategies.

A five-person organization naturally does not need a vice chairman, and there are only two internal directors. If Li Weidong is not present, Zou Yi is of course the convener of the board of directors and also exercises the powers of the vice chairman to a certain extent.

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

"..."

"The company hired Mr. Lin Yifu, director of the Economic Research Center of Beijing University, as the independent director of the company!"

"..."

"The company hired Mr. Wang Ning, vice president of the China Lawyers Association, as the company's independent director!"

"..."

Li Weidong didn't introduce too much of these people, he just briefly talked about his resume, and then said a word of welcome.

The directors who mentioned their names stood up to meet everyone, and the audience applauded. These independent directors are just decorations in the eyes of the bosses of the subsidiaries, and they can't control them anyway.

Then Li Weidong accelerated 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 is the deputy general manager of the company and the general manager of the Machinery Manufacturing Division!"

"Ms. Tian Ya is the deputy general manager and chief financial officer of the company!"

"Mr. Jiang Zongtao is the deputy general manager and chief risk officer of the company!"

"Everyone is familiar with these people, and they have business contacts, especially Ms. Tian Ya, who should have audited everyone, so I won't introduce too much. I hope everyone can unite and work hard!"

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

According to the meeting agenda, Li Weidong presided over the meeting, but some work still needs to be done by others, and according to the usual practice, whoever makes this report is supporting that person, and now is an opportunity for Zou Yi, the general manager, to establish his prestige.

The establishment of prestige must be accumulated over time, relying on the right time, place and people, and the art of leadership.

As the supreme leader, Li Weidong had to create such an opportunity for his subordinates. The right time and place were already there, and Zou Yi had to accumulate the harmonious atmosphere in the end.

A qualified general manager can save a lot of things for Li Weidong, and it is not easy to cultivate a trustworthy and capable general manager.

Zou Yi is dressed very formally today, with a luxurious and decent professional female suit on her body. She looks very capable and fits 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. It's a great honor to take on this important task. I'm very glad to have the opportunity to give you a work report!"

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

"This is a top-level reform that has lasted for a long time, and it has consumed a lot of hard work of the chairman. It is a set of management mechanism tailored for the company's great development, and it is the foundation for the company to move towards an international large group!"

"..."

When Zou Yi came to China, he quickly adapted to the domestic procedures. Rainbow farts are blown out without money!

"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 construction, electronic information, medicine and emerging industries, Internet and software!"

"After the full consideration of the company's board of directors and the manager's office meeting, the head of the machinery manufacturing business department is concurrently held by Vice President Xia, and the heads of the other business departments are..."

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

Especially the person in charge of a business department with less seniority like Zhang Dongshuo, who manages a large capital industry such as finance, in fact, for a moment, Zhang Dongshuo wanted to give up.

Look at the bosses of the financial industry sitting together in the audience, with miserly smiles on their faces.

It is estimated that this smile was given because of his being Li Weidong's former secretary, and if it were not for Li Weidong sitting in front, this smile would have disappeared.

But Zhang Dongshuo knew that it was too late for him to back down at this time, and he had to bite the bullet. The face of backing down at this time was Li Weidong's.

Even with the reform, there will be anticlimactic situations.

Zou Yi paused for a while, let everyone's applause dissipate, and continued: "Each subsidiary will be guided, managed, and supervised by one or more business divisions according to their business!"

"The relative independence between each business department and each subsidiary will be maintained, and the relationship of "one arm's length" will be adhered to, that is, between management and being managed, supervision and being supervised, adhere to procedures and systems."

"The business department has the right to guide the subsidiary's business activities, but does not interfere; to correct errors in the strategic direction, but not to replace them; to provide financial assistance, but not to take over."

"In terms of specific forms, there are mainly the following points. First, the business department has the right to assess the business capabilities of the important leaders of the subsidiaries and report to the group company!
"Professional external directors can also be dispatched as needed. The directors are selected by the human resources department from around the world to find excellent management and operation experts from the expert pool. The salary of the external directors is borne by the head office."

"Second, when the subsidiary develops new business, develops major business operations, and makes major investment decisions, it must go through sufficient demonstration and report to the business department for review, otherwise it will not be approved."

"Third, the business department should send people to the company or its subsidiaries from time to time to investigate and understand the situation, exercise supervisory power, guide the business, and correct and assist deviations, and make research reports to the group company according to the actual situation. The company's existing problems and put forward reasonable suggestions."

"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's voice fell, the discussion below became much louder. If the four rules were really enforced, wouldn't these subsidiaries be stuck by the business department?

First is the personnel right, which can assess you; then it is the right to check your business operation; there is also the right to supervise and advise; finally, even the power of finance has been involved.

If this is the case, their future work will be really passive. These discussions are buzzing, and Li Weidong can't hear what they are talking about, but he knows it without thinking.

But at this time, there is no room for discussion. No matter whether they accept it or not, it is impossible to take it back.

There was not a single voice on the rostrum, and more than a dozen company executives just quietly looked at the audience.

People in the audience also slowly realized this, and the discussion stopped immediately. The venue of more than 1000 people was so quiet that even the sound of breathing could be heard, and they all lowered their heads and dared not look at Li Weidong's black face!

After a pause, Li Weidong ignored the discussion just now, but cleared his throat and said: "First of all, I would like to congratulate you all on taking up your new positions. "

"The company's cadres don't have a lifelong tenure. From me to everyone in the audience, without exception, our team will become bigger and bigger, the requirements for cadres will be higher and higher, and the assessment will become stricter!"

"Those who are incompetent should be removed from their posts and go to suitable jobs. Those who are lazy and slack 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 when it is difficult to manage the company, it will also ask for resignation!"

"For example, now, I feel that I am not qualified for the position of the company's general manager, so I have to withdraw voluntarily and let the more capable President Zou take the position!"

"We must seriously cultivate our own successors, and there will be successors, so that our business can prosper!"

"Don't worry about teaching apprentices to starve to death of masters. Cultivating successors is the most important job of a leader. After promoting newcomers, don't worry about not having your place!"

"The company is developing in great strides. We need a lot of cadres. I'm afraid that you will be slow to train. If you don't have a position, you can come to the stage or even sit in my position!"

"This is the first point I said. No one's position is tenured. Although we try our best to select, if there is someone who is not suitable or does not do well, he can come down at any time, or even dismiss 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 influence the overall situation here!"

"The company does not allow such complacent senior leaders without professionalism to exist. As the senior managers of the company, you must settle down and do things. If you have nothing to do, that is the main target for optimization and streamlining!"

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

"If you have an opinion, you can raise it. Don't hold back, let alone talk small things behind your back, and do things that hinder the unity of the company!"

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

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

Li Weidong criticized the discussion just now without any trace, and if you have any questions, you can directly contact me to respond, and don't engage in confrontation behind your back, or engage in small tricks of non-cooperation to make things difficult.

(End of this chapter)