Chapter 152 Board of Directors Reelection(1/2)
Arriving at the door of SM Entertainment's largest conference room, Lee Soo Man personally opened the door to the conference room. In the conference room, the originally noisy environment instantly became quiet due to the opening of the door.
Everyone looked at the door in unison, at Lee Soo Man and Kim Young Min, and perhaps more at the person standing behind them - Chairman Li Wonbin of Kering Group.
Although there have long been rumors that Chairman Li Yuanbin will come to attend the extraordinary general meeting of shareholders of SM Group, when they actually faced Chairman Li Yuanbin, these small shareholders still felt an invisible pressure.
And those small shareholders who were prepared to stand in the alignpartners camp in advance, when they saw Li Yuanbin, they even wanted to betray alignpartners.
In fact, this is the tragedy of small shareholders.
Perhaps to outsiders, being a shareholder of a large entertainment group may seem glamorous, but only they know that within this group, they have no say at all.
It is common to be forced to take sides, and it is not impossible to be catastrophic if you are not careful.
Especially looking at the current situation, Lee Soo Man has clearly stood at the feet of Lee Won Bin, and is even more confident facing today's extraordinary shareholders' meeting.
If I stand on the opposite side of Li Wonbin and Li Xiuman again at this time, I might be crazily beaten in the future. But if I join Li Wonbin's camp soon and sell Li Xiuman some face, I won't be at a loss in the future, right?
So under this kind of thinking, many small shareholders have the intention of betraying alignpartners.
Lee Soo Man glanced at everyone in the conference room, especially pausing for a moment on Kim Seung Ho, the president of alignpartners.
I saw an unknown smile on Jin Chenghao's face, but his eyes were full of coldness. As the saying goes, why can this man smile but have cold eyes?
But none of this matters...
Entering the conference room, Li Yuanbin immediately saw five vacant seats not far away. The names of three of his own people were written on the three vacant seats in the middle.
"President Li, Secretary Park, and President Song, you can just sit here." Li Xiuman pointed to the three empty seats with their names written on them and said softly.
According to common sense, Park Seol-yoon cannot come to the meeting, but Lee Soo-man still prepared a seat for her.
Li Yuanbin nodded, without saying anything else, raised his legs and walked towards the empty seat, then nodded to everyone present, and then sat in the middle empty seat with a swagger.
Park Seol-yoon sat in the empty seat on the right side of Lee Won-bin, and Song Jae-joon was on the left. The remaining two seats naturally belonged to Lee Soo-man and Kim Young-min.
At nine o'clock in the morning, the extraordinary shareholders' meeting of SM Group was held as scheduled.
Just like in previous years, Lee Soo Man, who is the artist director and chief producer of SM Entertainment, took the stage to give a speech. A group of people in suits and ties sat under the stage and listened to Lee Soo Man's speech on the stage.
Half an hour later, Lee Soo Man finally finished his speech.
The rest is the normal extraordinary general meeting process.
The person in charge of today's meeting was replaced by Li Xiuman, who stood on the podium, glanced at the people in the audience, pulled into the microphone and said: "The second item of the meeting is about the general election of the company's board of directors/supervisory board."
In this link, the director nomination is divided into two parts, the first part is the nomination of non-independent director candidates, and the second part is the nomination of independent director candidates.
The nomination of non-independent director candidates also includes the following two parts:
For nomination by the board of directors, the nomination committee will propose a list of director candidates. After the current board of directors passes the resolution, the board of directors will submit a proposal to the shareholders' meeting for voting.
Then there is the shareholder nomination. Shareholders who individually or collectively hold more than 3% of the company's shares can propose director candidates to the current board of directors. The board of directors will conduct a formal review and submit them to the shareholders' meeting for voting after approval.
In the nomination of independent director candidates, the company's board of directors, board of supervisors, and shareholders individually or jointly holding more than 1% of the company's issued shares may propose independent director candidates, which will be elected and decided by the shareholders' meeting.
The same is true for the nomination of supervisors. The current chairman of the supervisory board will propose a list of supervisor candidates. After the current board of supervisors passes the resolution, the supervisory board will submit a proposal to the shareholders' meeting for voting, or shareholders who individually or collectively hold more than 3% of the company's shares can submit a proposal to the current board of directors.
Candidates for supervisors are proposed and formally reviewed by the board of directors and submitted to the general meeting of shareholders for voting after approval.
Of course, these tasks were completed fifteen days ago.
The purpose of convening an extraordinary general meeting of shareholders today is to review proposals related to the general election, otherwise Li Yuanbin would not be present.
After all, Li Yuanbin can only be regarded as a shareholder of SM Group and has not intervened in the operation of SM Group.
As soon as the host finished speaking, a group of shareholders in the audience started a quiet discussion until a list appeared.
There are many candidates on this list, including people nominated by Lee Soo Man, people nominated by alignpartners, and of course people nominated by shareholders like Li Wonbin.
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A scattered count of nearly ten people.
After the host gets the list, the next step is the final voting session. The host pulls all the names out of the system and projects them on the big screen one by one.
Including these people's recommendation letters, resumes, academic certificates, some work experience, etc.
Next, it is time for the major shareholders to vote.
"The following is information about Director Lee Sung-soo."
While calling up Li Chengxiu's information, the host said to all the shareholders in the audience.
This chapter is not over, please click on the next page to continue reading! Then count the votes, statistics...
President Kim Young-min, General Manager of Singer Economics Department, Zhuo Yongjun, Park Joon-young, Director of Amusement Planning Department, General Manager Chae Hee-man, Kaiyun Ji Chang-hoon, General Manager of Business Department, Representative Director Lee Kang-ho, etc.
Names and resumes appeared on the big screen not far away, and all shareholders present began to vote.
According to the agreement, when the Lee Soo Man faction was presented, Lee Won Bin, Song Jae Joon and others voted in favor. When the Kering Group people were presented, the Lee Soo Man faction voted in favor. When it was the alignpartners faction's turn, both parties voted against.
Gradually, everyone present saw the signs. The small shareholders who were still in the alignpartners camp turned their backs one after another and betrayed President Jin Chenghao.
Seeing that the situation is over, instead of following behind Kim Seung-ho and fighting with Lee Won-bin, Lee Soo-man, and others, hurting themselves 800 before losing 1,000 to others, it is better to join Lee Won-bin's camp, vote in favor, and show sincerity in front of them.
In this way, a dangerous extraordinary shareholders' meeting was easily resolved because of Li Yuanbin's arrival.
Finally, three hours later, the extraordinary general meeting of shareholders finally ended, and the final candidates for the board of directors were determined.
Lee Sung-soo, the head of the SM Entertainment Production Headquarters, is appointed as the president of SM Group, Zhuo Yongjun, the head of the entertainment and singer economics department of the group, is appointed as the president of SM Group, and Park Joon-young, the head of the amusement planning department of the group, is appointed as the internal director of SM Group; Chae Hee-man, the head of Kumho Electric Co., Ltd., Kering Group
Business Head Ji Changxun is appointed as an external director of SM Group; CJ Entertainment Representative Director Li Kangfa is appointed as a supervisor.
However, alignpartners’ Kim Seung-ho was defeated and did not gain the slightest advantage in the reelection of the board of directors, while Li Wonbin became the final big winner.
Everything Jin Chenghao and the others did behind the scenes was to make a wedding dress for Li Wonbin, which allowed Li Wonbin to easily acquire a lot of SM Group shares and successfully intervene in the operation of SM Group without any effort.
It is worth noting that President Kim Young-min’s name is missing from the final list of the board of directors, which means that he has been completely kicked off the board of directors.
This is of course Li Yuanbin's masterpiece, and he succeeded with a little trickery.
When recommending Kim Young-min, Lee Won-bin voted in favor, but Song Jae-jun voted against, so that in the final counting process, Kim Young-min missed the election by one vote.
This result was unacceptable to Jin Yingmin. His face was ashen and he kept staring at Li Yuanbin until the end of the meeting.
Jin Yingmin knew in his heart that Song Zaijun dared to do this, of course with Li Yuanbin's instruction. Who here doesn't know that Song Zaijun's immediate boss is Li Yuanbin. Without his instruction, the president of a small mobile game company dared to do this?
But the result has become a fact. Even if Kim Young-min wants to come back again, she will have to wait another three years.
In the conference room, the two happiest people right now are none other than Lee Won Bin and Lee Soo Man.
Lee Won Bin got a seat on the SM Group's board of directors, while Lee Soo Man kicked out Kim Young Min and made one of his own the president.
That's right, Lee Sung Soo is Lee Soo Man's man!
So now Lee Soo Man looks so proud.
After the extraordinary general meeting of shareholders, Li Wonbin and his party came to Li Xiuman's office to chat, and Kim Young-min suddenly barged in from outside.
I saw an angry look on his face, no longer the calm and carefree look in the past.
With anger in his eyes, Jin Yingmin glanced at Li Xiuman, who was smiling, and looked at Li Yuanbin, and said sarcastically: "President Li is really good at it!"
Li Yuanbin slowly put down the tea cup in his hand and looked at Jin Yingmin with a surprised expression: "Why did Jin Yingmin say this?"
"President Li completely ignored our agreement!" Jin Yingmin didn't even look at Song Zaijun, his eyes were fixed on Li Wonbin.
Hearing this, Li Yuanbin smiled.
I saw Li Yuanbin shrugging, looking at him with a puzzled face and saying: "I voted in favor at the extraordinary general meeting of shareholders, and Jin Yingminxi should have seen it too!"
A sneer appeared at the corner of Jin Yingmin's mouth, and his eyes glanced at Song Zaijun beside him: "So President Song Zaijun made his own decision?"
Li Xiuman looked at the three people competing in front of him and sat quietly on the Diaoyutai in silence.
Li Yuanbin heard Jin Yingmin's question and turned to look at Song Zaijun. The meaning was obvious, "You solve it!"
After Song Zaijun received the instructions, he was not afraid.
"Xi Jin Yingmin, how can you blame me? At that time, I thought you were sure to win, so I thought about voting for Zhuo Yongjun so that I could start my work in the future. However, I didn't expect that I was one vote short.
Lost the election!" Song Zaijun looked at the angry-looking Kim Young-min and explained calmly.
Listening to Song Zaijun's words, Jin Yingmin became furious.
How could Kim Young-min believe such nonsense?
If he really believed it, he would have been the SM president for so long in vain!
Jin Yingmin took a deep breath, calmed down her mood, looked at Li Yuanbin again, pondered for a moment and said slowly: "Humph! But I tell you, I can choose your person, or I can cancel you, I will go now
Call a shareholder meeting, kick your people off the board, and remove your board seats!”
Li Yuanbin stopped pretending at this time, slowly crossed his legs, looked at Jin Yingmin opposite and said calmly: "I remember that the company's articles of association say that the board of directors is changed every three years. I'm afraid you have to wait three years. Besides,
, we all voted for Zhuo Yongjun, can you still replace me?"
Li Yuanbin was as sharp as a sharp knife piercing Jin Yingmin's heart. At the same time, he also revealed a piece of news to him, that is, it was indeed Li Yuanbin who instructed Song Jaejun to vote for Zhuo Yongjun!
Jin Yingmin sat silently on the sofa, looking at the three people sitting opposite him with dull eyes, and nodded mechanically: "In that case, I hope you can take SM Group to a high position!"
This chapter is not finished yet, please click on the next page to continue reading the exciting content! After saying that, Jin Yingmin stood up and left without even looking at Lee Soo Man next to him.
Li Xiuman didn't care. After watching Jin Yingmin leave, he said to Li Yuanbin: "Thank you, Chairman Li, for helping me this time. Our agreement has been fulfilled!"
To be continued...