Chapter 120: Vote, Then!

Chapter 120: Vote, Then!

Jinfu Group had nineteen directors in all, including three “independent directors.”

Independent directors were directors who held no Jinfu Group shares and had no direct business dealings with Jinfu Group. The precondition for becoming one was the absence of those relationships; only then could a person take part in voting on resolutions with relative fairness and impartiality.

An independent director might be an important figure from another giant enterprise, with outstanding ability, reputation, and very high social standing.

There was also another case: they could be sent by “investment institutions.” Directors were elected by the shareholders’ meeting, but voting rights at a shareholders’ meeting were determined by shareholding ratio, so as long as the group’s major shareholders agreed, they could certainly ensure the institution’s candidate was elected.

Although “investment institutions” were connected to Jinfu Group, they had no business dealings with it. Their business wouldn’t become entangled with Jinfu Group’s. They had simply provided Jinfu with financing back then, and they didn’t interfere with company operations—nor could they.

And the directors they sent would certainly want the company operated well, because good operations meant a higher stock price, and a higher stock price meant the shares the investment institutions held were worth more. So a director dispatched this way would certainly consider the company’s interests and act fairly and impartially, and could serve as an independent director.

Of the nineteen directors in total, fifteen were present today.

Four were absent altogether.

They were chairman Su Ruiwen, in the capital for meetings; two independent directors who weren’t in Donghai; and one inside director currently away on business.

With more than two-thirds of the directors present, the board meeting could proceed.

“Originally, this was only a small matter.” Su Qingying’s tone was extremely grave, her gaze even somewhat sharp. Before this meeting she had shut herself in her office for several hours precisely to bring her emotions in line for this moment.

She had already done everything she could.

“Dismissing two mid-level managers doesn’t need to be dragged before the board at all. As executive vice president, I have the authority to dismiss them directly. If serious consequences follow, I can accept the board’s questioning afterward.” Her voice eased, and she looked toward Madam Su. “But since the special adviser to the chairman has strong opinions, then let us hold a board meeting and let all of you vote.”

Madam Su’s expression shifted slightly.

There was nothing wrong with being addressed that way on a formal occasion like this, and still… was this the same obedient daughter as before?

The corners of Madam Su’s mouth curved in a cold smile so faint it was barely there.

Make your scene. Go on.

Once the vote is over, we’ll see whether you soften.

The more she loved her daughter, the angrier she was at her now.

Today she had to teach her a lesson that went deep.

“First, I’d like to state my reasons for dismissing Security Department supervisor Zhou Da and deputy supervisor Yang Kuo. Regarding Zhou Da…”

Su Qingying began again, repeating the long argument she had already delivered once.

She didn’t mind expending the words.

She meant to reason it out.

The conference room was very quiet. Everyone listened to her, their expressions varying. Apart from a few who listened seriously, the rest weren’t—they had already heard the details before. They also knew… what mattered was the vote. Everything before it was unimportant.

Several minutes later.

“I am doing this for the company’s interests, to eliminate negative public opinion, and to show the outside world Jinfu Group’s stance. So Zhou Da must be dismissed. Of course, it would be best if he can resign to take responsibility.”

Having finished her reasons for dismissing Zhou Da, Su Qingying explained…