Rivers and lakes governance VS corporate governance NVC lighting internal chaos

After being dismissed from the CEO's position by the NVC Lighting Board on August 8, Wu Changjiang still held a press conference as “no executive board resolution” as CEO, and refused to hand over the official seal, financial seal and the temporary CEO appointed by the board of directors. business license. Wu Changjiang’s reason is that “no one has deeper feelings for NVC than I am.” And he believes that "the resolution of the board of directors is invalid, and I will one day return to the status of major shareholder and regain the NVC lighting."

After several equity transfers, Wu Changjiang had only 2.54% of the shares in NVC Lighting. He also changed from a major shareholder status to a professional manager. In his view, "The company of NVC Lighting Chairman Wang Donglei did not do well." "The listed company is only the shell of financing, all the assets are in the mainland, and the legal person of the mainland factory is me, all of which I operate. ".

This presents a completely different logic from the capital side – in the eyes of the capital side, the ownership of the business is presented in equity. For listed companies, the shareholders' meeting is the highest authority. The board of directors is elected by the general meeting of shareholders. In accordance with the "Company Law" and the "Articles of Association", the company's management authority is exercised on behalf of the shareholders' meeting. In other words, the resolution made by the board of directors must be implemented by the manager.

The CEO (CEO) is the most senior executive responsible for the day-to-day management of the company, responsible to the board of directors. Its professionalism and leadership ability are the reasons for the board of directors to decide to appoint and remove.

A person familiar with Wang Donglei and Wu Changjiang has said that "Wu Changjiang has a lot of rivers and lakes, and does not talk about rules." Even in the communication with the media, Wu Changjiang often used the "big boss" to express his own care for the brothers and promoted "human governance."

“Why did Wu Changjiang dare not accept the resolution of the board of directors and set up a series of obstacles to continue to occupy the company in the name of invalidity of the resolution. Who gave him the courage? Why is it a difficult legal issue in the legal system?” Wang Donglei It is said that the hard rules of “recognizing only the stamps” in the current laws and regulations have also made it difficult for the board of directors to implement the resolutions.

"Invalid" resolution <br> <br> board of directors ousted seventh day of Wu Changjiang, NVC chairman Wang Dong-lei said, still in control of NVC Wu Changjiang Chongqing headquarters, and the company turnover accounted for four percent The Wanzhou production base, the company's financial chapter, official seal and business license are still under the control of Wu, and refused to surrender.

Vibratory Motor

Xinxiang Mina Import & Export Co., Ltd. , https://www.mina-motor.cn