Rebirth 79: I opened a bank in the United States

Chapter 324 Independent Director
"I probably know a little bit, so I will train them later?"

"I actually forget it. You can do it and see the effect first. The main thing is in the way of communication, you must follow the customer's words, don't just talk about yourself, and don't pay attention to what the customer thinks at all? Find out what the other party really cares about!"

Carter wanted to say that in terms of sales, he had a person who impressed him deeply.

It was the saleswoman at the bar that I met in Memphis. That day, the wine salesman's set of practices came down.He sold something again, and increased his drink consumption rate, but he didn't arouse his disgust.

Even if the past performance of the other party is not known for the time being, but from the perspective of personal subjective experience, Carter believes that if she sells credit cards, the effect should be much more significant than that of tellers who have become half-way monks like Greta.
It's just the other party's background and the unfavorable factor of having a child.Let Carter temporarily put aside his idea after comprehensive consideration: let's see if Greta and the others can change it!
"In addition, for merchants, let's talk about selecting merchants with sub-high-end positioning around the four directions of basic necessities of life. Let's get in touch first to see the effect. Whether you want to advance money to get the courtesy, this matter will wait for me to come back from China. Look at your financial situation and think about it."

"Okay, no problem! Then how do you plan to arrange this time? It seems that you don't plan to go to school?"

"I really don't plan to go. It doesn't make sense to go now. During this time, I will go to Memphis to see how the reorganization work is going. Then the listing team will also be built, and occasionally I should go to New York a few times. "

Stretch on the back of the chair, the busy days are about to start again~

"The Chinese market is so fragrant, especially in this kind of place where no one else knows that it is very fragrant! In other words, people know that it is fragrant, but when I consider whether it is poisonous, I can definitely eat it right now. Mouth full of oil!"

"Before I set off, I had to find a way to open my mouth wide enough! That is to make HT's stock worth more! Only in this way can I get more money!"

"Is it really as delicious as what you said? You should pay attention to yourself."

Seeing Carter's flattering obscenity, Goodman couldn't help shaking his head and sighing.For the matter that is done, he can only persuade one last thing:
"The current loan is different from that of 80 years ago. Interest has to be paid annually. If you borrow too much, then the pressure of capital turnover and the risk of breaking the capital chain. Think carefully! Think carefully! Be careful!"

"I know, I know!"

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After saying goodbye to his family, packed his luggage, and brought along two bodyguards who didn't know how strong they were, but looked rather bluffing, Carter boarded the plane to Memphis.

Whenever thinking of the busyness at this time, Carter has to feel the hardships of starting a business!
Originally, I was thinking of getting the notice, so I could take a good rest for a while.Just wait for the letter from Toyota to come, and then help the Argyll City Government to beat the drums and let the factory land.
Man is not as good as God!
"Has the corporate restructuring been completed? And the IPO team?"

"It's almost done, and the agreement that should be re-signed has also been signed. This is the default structure of the board of directors and the board of supervisors. Take a look!"

Reaching out to take the document delivered by Jinas, Carter glanced at it roughly.The board of directors and the board of supervisors have nothing to say, one formulates the company's development strategy; the other is responsible for supervising the normal operation of the company.

It is worth mentioning that since the Watergate scandal in the early 70s, the US Securities Regulatory Commission has imposed new requirements on listed companies: so listed companies must set up an audit committee composed of independent directors to supervise the company's internal violations.And this requirement became even more severe in the 80s:
Among all the seats on the board of directors of a listed company, the number of independent directors shall not be less than two-thirds of the total seats!And looking at the notes on the materials, there are still people who are trying to hand over the decision-making power of director candidates to a nomination committee composed of independent directors.It's just that this point has not been implemented yet, so don't worry about it.

The so-called independent directors refer to directors who do not hold any actual positions within the company.To put it simply, the members of the board of directors will be filled with a large number of representatives of major capitals, representatives of retail investors, etc.
To be honest, Carter understood why Jobs would be kicked out of Apple one day when he saw that independent directors should not be less than two-thirds of the board of directors.Once the chairman's voting weight is not enough, these people from the major capitals may join forces to kick you out!

Rao is that Carter thinks that he is a salted fish with no dreams and eyes full of vulgarity. As long as he can make money, it doesn't matter even if he loses control of the company.But when he really saw such regulations, he couldn't help complaining, or complaining:

"Which f*cking idiot made the rules? Must it be followed?"

"How should I put it, you don't have to follow this regulation completely. After all, the China Securities Regulatory Commission only requires independent directors to form an audit committee, but unfortunately, both the New York Stock Exchange and the American Stock Exchange require listed companies to have a majority of independent directors. "

While sorting out other documents that will be reported soon, Jinas shrugged to dispel Carter's illusions:
"Nasdaq does not seem to have relevant regulations and requirements at present, but judging from our current situation, it is completely possible to consider listing on the New York Stock Exchange. Nasdaq is not our goal, and in the industry classification, we It’s hard to say whether this is a franchise or not. Anyway, if you want to be listed on the New York Stock Exchange, the board of directors must be what you see in your hands.”

"We are in a good situation now, because you are going to be the chairman, so there are only two of us as ordinary directors. Mr. Jim Rogers is eligible to join the board of directors as an independent director. As long as there is no problem with him, we only need to introduce three more independent directors. Director, you can meet the requirements. Mr. Rogers, you should have a good relationship with you, right? I mean, can he count as one of his own?"

"How to put it this way, maybe compared with the rest of the capital, he will speak better. He has a closer personal relationship with me, but his purpose is also to make money, so when our revenue declines, it is difficult to guarantee that he will not stand on the sidelines. Capital side."

Tapping his fingers on the table, Carter thought about the pros and cons of it.

The introduction of independent directors does not necessarily mean that the control of the company is taken away.It can only be said that the risk of being deprived of control will increase, because it is difficult for you to guarantee the patience of capital.

But again, he's good too!
For example, because of representing capital, these independent directors may hope that HT can make money more than themselves!Can make quick money!And they can also make suggestions for the development of HT from the perspective of bystanders, and they can also borrow the information resources and network resources of the capital behind them through the independent directors.
Just think about it, this HT company is also the first company that I run and go public after all.And judging from the current situation, the success rate of going public is extremely high. If the company develops later, it will get kicked out of the board of directors.
How embarrassing is that? !
(End of this chapter)