Global monopoly of technology

The next morning, the four major external investment stocks, Shencheng, sent representatives to Bluestar Technology, and the first shareholder meeting was held as scheduled.

The four major external investment shareholders really made a request at the shareholders meeting to take a board seat to represent their interests. After a two-and-a-half-hour meeting, the company's first shareholders meeting ended.

The board of directors, the highest decision-making body of Bluestar Technology, was established at the shareholders meeting, and Luo Sheng made special agreements with other shareholders to be included in the company's articles of association and shareholder agreement, namely: Luo Sheng has the right to nominate more than half of the company's board of directors and modify the agreement The clause requires a two-thirds vote of the company to pass.

In other words, it is basically impossible for this special agreement to be modified, because according to Bluestar Technology’s equity structure, even if Luo Sheng’s equity holds 10%, the voting rights still exceed a two-thirds majority. He wants to prevent the modification of this special reservation, and it only takes more than one-third a small amount to make the resolution to modify this clause fail.

The shareholders’ meeting passed the resolution. The company’s board of directors was established and nine seats were set up. According to the agreement, Luo Sheng had the right to nominate more than half of the board of directors, so he took five of the nine seats, and the other four seats were assigned to the four major External shareholders Teng Xun, IDG, Venture Capital, and SoftBank each took a seat.

Then came the resolutions of the board of supervisors. The shareholders’ meeting voted to pass the establishment of the company’s board of supervisors and established five seats. Among them, the chairman of the board of supervisors was appointed by Luo Sheng to serve in the company’s internal employees. At the same time, he concurrently holds "Dong Gao" related positions.

The so-called "Dong Gao" refers to directors, chairman of the board or senior management of the company.

At this point, the board of supervisors is also controlled by Luo Sheng. According to Qin Weimu, the board of supervisors is the last line of defense for a company, with even greater power than the board of directors.

Judging from a series of powers of the board of supervisors, it is true. The four powers of the board of supervisors can show that its power is greater than the board of directors.

The first is the right to inspect the company’s finances, the second is the right to correct the behavior of the company’s "Dong Gao", the third is the right to preside over the shareholders meeting without the board of directors convening, and the fourth is the right to propose proposals to the shareholders meeting. vote.

It can be seen that the powers of the board of supervisors are greater than that of the other, so large that it can remove the company's chairman, directors, senior management and other resolutions.

Because of this, after many investment institutions invest in a start-up company, even if they cannot get a seat on the board of directors, they will get a seat on the board of supervisors next.

Because the board of supervisors has the right to check the company’s finances, and shareholders want to check the accounts, they need to apply to the company’s senior management for the audit, but at the same time, the company’s senior management has the right to reject such requests from shareholders, for example, if it may harm the company’s commercial interests. Refuse to provide financial details to shareholders due to reasons.

If shareholders dissatisfied, they can file a lawsuit with the court. But the problem is that it takes so much time to file a lawsuit with the company for six months in the first instance and three months in the second instance. Even if the court decides that the company requires the company to provide financial information, that’s it. Even if the lawsuit is lost, the company will still not lose any money. If it is dead, it will pay for printing documents.

On the contrary, it may take a year for shareholders to check their accounts, and attorney fees and litigation fees have to be paid by themselves.

Therefore, the board of supervisors has the right to check the accounts and has the right to ask a third-party auditing agency to check the accounts. This is very important for investment institutions, because they have invested money and at least know where the money is used.

One thing that Luo Sheng did very well was that he took the initiative to provide financial rules to external shareholders every time after he got the financing. Without this move, shareholders would have asked for a shareholder meeting to set up the board of supervisors early instead of procrastinating. Up to now.

After the shareholders' meeting was over, everything had been arranged clearly, and Luo Sheng could finally sit back and relax.

The "three meetings and one layer" of Bluestar Technology is now firmly in his own hands, and Qin Weimu has filled him with potential control loopholes and vacuum zones and other hidden dangers.

Luo Sheng has the right to veto and the AB share system in the shareholders meeting; in the board of directors, he has the right to nominate more than half of the directors; in the board of supervisors, Luo Sheng's person serves as the chairman of the board of supervisors.

As for the senior management, that is the highest executive body, the board of directors makes decisions, and the senior management is responsible for implementation. Luo Sheng is now the CEO, or the general manager of legal significance, that is, the general manager.

The next day.

CEO office.

Luo Sheng took a form and sat alone on the boss's chair. It was written with the names of employees of the company, and he selected director candidates from it.

He has the right to nominate five directors, he occupies a seat, and he is the chairman of the company, and there are four seats left.

Luo Sheng did not hesitate to drew a hook next to Qin Weimu's name. His professional ability is undoubtedly talented. He is also a major shareholder of the company. Holding 1% of the equity, he is definitely a major shareholder, plus his mother's recommendation. Come here, both relying on and trusting.

Immediately after Luo Sheng drew a hook on Xu Yong’s name, Xu Yong, as the company’s co-founder, the company’s 002 employee, is also the company’s current third largest shareholder and second largest individual shareholder. He has only technical development capabilities. Second to Luo Sheng.

Resolutely nominated for a seat, Luo Sheng not only wants him to sit on the board of directors, but also decides to let him serve as the chief technology officer at the senior management level. As far as technology is concerned, besides himself, Xu Yong is the most suitable regardless of his seniority or technical strength. .

Luo Sheng himself is definitely stronger than Xu Yong technically, but as the head of the company, he can join the technological development sequence, but he cannot serve as the chief technology officer himself.

After the decision is made, there are still two seats left for the five seats.

Luo Sheng is a bit troubled.

The current other members of the company really meet the requirements, but after searching through the personnel list, no one can be found to be a director of the company.

Just as Luo Sheng was considering the last two places, there was a knock on the door.

"Come in."

Looking up, Irene had entered the office, and Luo Sheng couldn't help but browse her profession again.

Irene was originally a student of the School of Economics and Management of Fuda, and her grades are quite good. Whether her ability is to be considered, but her first career internship came to Bluestar Technology. Luo Sheng couldn't help but recall Irene’s time. working performance.

It is definitely far behind Qin Weimu, but it is also remarkable.

At the moment, I can only raise the taller among the short ones. After getting the seats on the board of directors, anyway, you only need to vote with yourself. After making a decision, Luo Sheng immediately looked at Irene.

"Xiao Ai, do you want to get a promotion and raise your salary?"

Hearing that Irene entered the desk, she boldly sat on the other person’s lap, looked at each other’s neck and smiled: "I don’t care, you arrange it, I will listen to you..."

(Ps: Ask for recommendation tickets and collections~~In addition, by the way, technological competition and commercial competition are the core of this book. The emotional drama is more excessive and serves the core of the front, and there will not be too much space. But it is impossible to write a protagonist with countless worth as a monk.)