Black technology: a super empire spanning two worlds

Chapter 54 [Reorganization of the Board of Directors]

In the following days, Prism Technology's bidding for the purchase of more than 3.5 tons of grain and its application for the retrieval of trading data of small and medium-sized retail investors are all proceeding in an orderly manner. Its merger and reorganization with Linghan New Materials are also progressing smoothly and steadily.

Xiao Yu was not idle either. After arranging many matters, he decided to reorganize the company's board of directors.

Several investors of Penghui Capital have been kicked out after suffering heavy losses, and the directors they sent have to withdraw as well. At the same time, the new entrant Ruilian Group also wants a seat on the board of directors, and has sent Wen Suqing to serve as a director to represent the interests of Ruilian Group.

The reorganization of the board of directors needs to be approved by the shareholders' meeting, and Xiao Yu promptly initiated an extraordinary shareholders' meeting.

There is no doubt that the resolution to reorganize the board of directors was passed smoothly.

The resolution passed by the company's shareholders' meeting this time still delegates the decision-making power of many major matters to the board of directors. As long as the board of directors votes to approve it, there is no need to hold a shareholders' meeting every time.

This is to improve the efficiency of the company's decision-making mechanism, because shareholders' meetings are only held once or twice a year, and it is troublesome to hold shareholders' meetings. It takes ten days from the announcement to the meeting.

The board of directors can hold resolutions at any time, with no limit on the number of times.

In order to avoid a tie when the board of directors votes on resolutions, the number of seats on the board of directors is generally an odd number, such as 5 seats, 7 seats, 9 seats, etc.

After the reorganization of the Prism Technology board of directors, the seven seats remain unchanged, and Xiao Yu has the right to nominate more than half of the directors, so he can nominate three people to the board of directors. Together with his own vote, it is 4 votes to 3, firmly controlling the company's board of directors.

Xiao Yu had the nomination rights for these three seats and nominated Yun Shu, Fu Kang and Xu Changming to join the board of directors.

Song Yuan is the company's independent director.

The remaining two seats were given to the institutional shareholders. Among them, Wen Suqing entered the board of directors and represented the interests of Ruilian Group. There was another seat also belonging to the institutional shareholders. The person sent by the institutional shareholders to serve as a director was named Qian Wenhu.

After the reorganization of the board of directors, the latest seven directors of Prism Technology are: Xiao Yu (Chairman), Yun Shu, Fu Kang, Song Yuan (independent director), Wen Suqing, Xu Changming and Qian Wenhu.

Xiao Yu also made personnel changes to the company's core management team. This did not require a shareholders' meeting to make a resolution. The new board of directors completed the reorganization, and the decision could take effect once the board of directors made it.

The biggest change is that Xiao Yu will no longer serve as the company's CEO. He will have to devote a lot of energy to dealing with matters on Blue Star in the future. He definitely won't have that much energy to continue serving as the CEO of Prism Technology.

No matter how young and vigorous Xiao Yu is, or how strong his execution ability is, he is still a human being after all.

After careful consideration, I decided to step down as CEO. I will no longer do the executive work myself. As the chairman and helmsman of the company, I will only focus on making strategic decisions on the company's major direction.

The new CEO was Xu Changming, who was also nominated by Xiao Yu to the board of directors.

Another important personnel arrangement is to let Wen Suqing serve as the chief legal officer of Prism Technology, responsible for establishing an exclusive legal team for the company. This team is supported by the company with high salaries and is only responsible for legal issues related to Prism Technology and will not take on other cases.

In addition, Xiao Yu also made many key arrangements for Yun Shu, and was intentionally allocating resources to focus on her training.

……

"Come in." In the chairman's office, Xiao Yu responded to the knock on the door. He looked up and saw Yun Shu entering the room.

"I'm afraid I'm not capable of completing the work arrangements you gave me. Can you adjust my work arrangements?" Yun Shu came to him and hesitated for a while before expressing his thoughts.

Xiao Yu leaned back in his boss chair, looked at Yun Shu and said with a smile: "What a weird thing, everyone else would open champagne to celebrate when they get a promotion and a raise, and they would be so happy, but you are still not happy?"

Yun Shu said worriedly, "No, I'm worried that I'm incompetent and will mess up the work, which will have a negative impact on the company and even cause significant losses."

Xiao Yu looked calm: "For major decisions, just follow my vote, it's harmless."

Yun Shu immediately explained: "I will definitely vote with you on this. I'm referring to the financial audit work. You asked me to manage such a large and important department, but I have almost no financial experience..."

Hearing this, Xiao Yu hesitated for a moment, and then said to her, "From the perspective of ability and experience, you are indeed not the most suitable candidate, but from the perspective of trust and reliability, you are the best choice."

For this personnel adjustment, Xiao Yu considered Yun Shu's work arrangement for a long time. In addition to nominating her to the board of directors, he also asked her to serve as the financial director and be responsible for the company's financial auditing.

These arrangements were decisions Xiao Yu made after weighing the pros and cons and careful consideration.

Because he is not only considering the affairs of Earth, but also considering the overall situation in combination with the affairs of Blue Star. In the future, whether it is transferring things from Earth to Blue Star, or from Blue Star to Earth, Prism Technology Company will be an extremely critical hub on Earth.

Corporate statements, finance, auditing and other aspects require people who are absolutely trustworthy to be responsible.

Trust has become the factor that Xiao Yu values most. Ability is certainly important, but it must come after trust. Trust is the top priority.

Obviously, Xiao Yu trusts Yun Shu very much, and he also realizes that Yun Shu may have feelings for him. Xiao Yu himself is also thinking about this issue, and he increasingly feels that it is worth considering.

If Yunshu became his woman, then their interests would be highly aligned, and the issue of trust would naturally be resolved.

In the future, there will definitely be a large-scale transport of grain from Earth to Blue Star. Prism Technology Company on Earth will have many problems with its accounting and payment, so it obviously requires an extremely trustworthy and reliable person to share Xiao Yu's worries.

Yun Shu was obviously the person he valued, and was also the most suitable candidate he could think of at the moment.

Finally, Xiao Yu looked at Yun Shu and said slowly: "A group of veteran members from the early days of the company have left one after another over the years. Only you, Fu Kang, Xu Changming and other veterans have worked with me until now. They are all people I trust, and they are all capable people who can support me."

Xiao Yu looked at Yun Shu. He paused for a moment and then emphasized, "But if I were to say who I trust the most in the entire company, it's not Fu Kang or Xu Changming, nor anyone else. It's you."

When Yun Shu heard this, his eyes were filled with surprise and unexpectedness, as well as a hint of joy after the surprise.

……

(End of this chapter)