The next day at nine o'clock in the morning, everyone sat down in the meeting room. John glanced at Lu Feng and said in a low voice, "We agree to the R&D budget. However, we need to bring in a professional finance team to the R&D company!"
Lu Feng thought for a moment and nodded in agreement. After the meeting, Schroder Group's finance department would also move into the group's headquarters, signifying that Jiafeng was transitioning from a private enterprise to a shareholder-owned enterprise.
The host took to the stage and said a few opening remarks, then continued, "Today, we are officially beginning the selection of the new group management team, which includes the Chief Executive Officer, the Secretary of the Board, the Directors of the Board, the Supervisors of the Board, the Group Executive President, and the Rotating President, etc."
"Next, we will select the Chief Executive Officer of the Board and nominate candidates." The host opened the folder in his hand, which contained only one name, and raised his hand to say, "Mr. Lu Feng."
The major shareholders at the scene wrote down their votes on the papers in front of them. As the votes were collected, the host announced the results on the spot, saying, "Let us congratulate Mr. Lu Feng on being unanimously elected as the first CEO of the Board of Directors of Jiafeng Electronics Group!"
Lu Feng stood up and bowed to the people behind him to express his gratitude, but there was not much joy on his face. The board of directors needed him now, and there was only one candidate. In a few years, he might not be the only one.
"Next, we will select a board secretary. The nominees are Wei Yandan, Zhu Lidong, and Li Changqing!"
Ultimately, the position fell to Li Changqing. Jiafeng Electronics was not a listed company, and the position of board secretary was somewhat nominal, serving as a liaison between shareholders.
In one morning, Wei Yandan, Zhu Lidong, Du Guoying, John, Feng Zhiyao and others were elected as directors of the board. Lu Feng will also serve as the group's executive president. Zhu Lidong will be the first rotating president, with each rotation lasting six months!
John didn't understand the rotating president position, so Lu Feng explained it to him. The rotating president position was something Lu Feng borrowed from Huawei in the future. Each senior executive serves for six months in a rotating cycle. This is to prevent a large company from making wrong decisions due to a single decision-maker's lack of understanding of the market or the development of subordinate companies, which could lead to losses for the company.
Secondly, it was also to avoid infighting between departments within the group. During his tenure as rotating president, he was the highest decision-maker in the entire group. After this meeting, even Lu Feng would have to listen to Zhu Lidong.
With the rotating presidency, everyone has six months to wield significant power. If your department messes with me, I'll take you down when I take over, so there's no need for internal strife.
To put it bluntly, it's like the emperors taking turns sitting on the throne!
At 11:30 a.m., the meeting ended, and only the closing ceremony remained in the afternoon. Lu Feng stood up and shook hands with everyone politely. Feng Zhiyao ran over and whispered, "Brother Feng, I chose you!"
"I know!" Lu Feng looked at him and asked, "How's your dad doing lately?"
"He's doing well. It's almost Chinese New Year, so he's about to be discharged." Before Feng Zhiyao came, Zhenkun specifically instructed him to say this if Lu Feng asked about Mr. Feng's health.
"That's good, Happy New Year first!"
Seeing the situation on site, Zhuang Yuntian realized that the matter would obviously be finished by the afternoon. He walked up to Lu Feng somewhat anxiously and asked, "President Lu, the R&D company's budget hasn't been discussed yet, has it?"
"What's wrong?" Lu Feng stopped and asked.
"I just want to know, what is the R&D company's budget for next year?" Zhuang Yuntian asked.
"Our board of directors has already decided on the core members for this matter. If you want to know more, I suggest you spend more money to become a core member." Lu Feng smiled and walked forward.
“I’m a board member, I’m an investor, I have the right to know everything. This is core data for the company’s development. Besides, why wasn’t I elected as a director?” Zhuang Yuntian chased after him, very dissatisfied, and said, “This is very unfair to minority shareholders!”
"And then? Since you feel it's unfair, I suggest you bring over the debt-to-equity swap agreement, and I'll give you the money!" Lu Feng said, looking at him.
Zhuang Yun was furious and kept spitting out insults, but he couldn't do anything about it. He gritted his teeth and said, "You just wait and see!"
Lu Feng ignored him and walked towards the restaurant.
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