On the morning of the 14th, several shareholders gathered in the conference room of the group headquarters and began to prepare for discussion of equity incentive plans. According to convention, Allen did not participate in such a meeting, but Liu Jinpeng asked Itti to attend the meeting, and spent a long time communicating with Itti last night. His main purpose was to make a major adjustment to the equity structure and achieve the purpose of separation of administration, sales and R&D.

After the staff arrived, everyone chatted first. This was the first time Alan came to the conference room in person, so everyone greeted him and said hello. Alan was still so untalking and nodded with a subtle smile. Since Mo Xiaohong had not come to Jiangcheng yet, Li Xiwen was here alone now. She smiled and sat next to Liu Jinpeng, while Kong Shan sat in the back to make meeting minutes.

After the meeting began, Liu Jinpeng first informed the participants as usual, and then began to discuss the benefits and disadvantages of equity incentives in a long way. Zhu Lin was impatient to listen to the official article and said, "This is not an outsider. Don't think about those things that you copied from where you don't know, just talk about serious things."

Liu Jinpeng was unhappy and said, "You are simply ignorant. Do you know how much my set of information cost? It scares you to say it. Forget it, you can't understand anyway, and I'm too lazy to talk about it. So let's start discussing the overall plan below."

Li Xiwen still had homework. She said: "According to the current equity allocation ratio, part of the equity is distributed as a reward dividend for executives. This is my opinion. And I think these things can be hung with the executive villa you plan to be in. You will no longer enjoy such benefits after leaving your job. The specific proportion can be discussed again. But the overall amount should not be less than 5% to 7%.

Since it was a meeting, everyone spoke freely. Yang Sen asked: "Is there any basis for your 5% to 7%?"

Li Xiwen explained: "We currently have fifteen executives. I won't mention the name. If we distribute them from 5% to 7%, each person can be divided into about 0.4%. It is more suitable for general executive incentive shares. I calculated that according to the dividend amount last year, a 0.4% share can get a dividend of more than 1.6 million yuan. According to the current annual salary of executives of 100,000 yuan, the annual dividend can reach 16 times the annual salary, which is much higher than the dividends of most private companies with information available for checking. So I think this ratio is more appropriate, and I hope all directors will consider it."

Li Xiwen's speech was really organized, which fully demonstrated that she had already made a comprehensive consideration of this matter. Yang Sen was a little unsure of putting forward his own plan, so he was silent for a while. Zhu Lin was a little blind and he was not prepared at all. He thought that it would be over with the same formalities as dividends. Who knew that Li Xiwen pulled the meeting to a regular track all of a sudden, and he didn't know what to say.

Liu Jinpeng saw that it was a bit cold and said, "Dr. Li's considerations are very organized and carefully. You can also propose your own plan to discuss it. If you find any loopholes in your plan or have good suggestions for improvement, you can also put forward it. Tell me freely."

Allen suddenly spoke: "Is there Eva among the fifteen executives? If so, she can be removed."

Li Xiwen argued again: "Dr. Allen, I don't know if you have any opinions on Eva. But we Titanium Star must reward you with all our contributions. Miss Eva's contribution to the laboratory is obvious to all. I think this is what she deserves."

Allen didn't say anything, and Li Xiwen took Allen's silence as a default and continued: "My list is mainly the heads of various departments and the heads of branches. The information is here, you can take a look." Kong Shan hurriedly ran up to distribute the information for the princess. Although Mo Xiaohong was not here, she didn't dare to let Li Xiwen send it in person.

Yang Sen took it over and looked at it. As expected, they were all department heads, and the only exception was probably Eva. He still felt that he should tell his plan, so he said, "After listening to Mr. Li's plan, I will also talk about my thoughts. The specific numbers are not much different from Mr. Li's plan. I will mainly talk about the differences. First of all, the separation of dividend rights and disposal rights. According to the general plan, there is a proportional difference between dividend equity and disposal equity. Our company is not listed, so there is no disposal rights. So can we engage in a company repurchase?"

Li Xiwen disagrees a little. She said: "The company's repurchase and dividend rights are all for better motivating executives and employees to contribute more seriously and harder to the company. However, dividend rights can only be enjoyed on-the-job, while disposal rights can only be enjoyed after leaving the company. The company's repurchase is also something similar to the disposal rights. In this way, will some employees have a wrong understanding?"

Although Zhu Lin does not have his own plan, it does not mean that he will not say a few words: "In this way, if the resignation is involved, we must also add some limitations on equity to the original confidentiality clause. Since everyone has no objection to the dividend rights, I think it is better to temporarily shelve the motion for disposal and repurchase. Let's discuss the specific amount of the dividend rights first."

Everyone agreed with this view, so they began to discuss the shareholding ratio of dividend rights, but soon there was a disagreement. Zhu Lin believed that since the company's executives also had dividend rights, should the project manager of the laboratory also have dividend rights? Yang Sen did not argue with this. Li Xiwen felt that the project manager of the laboratory had obtained relevant technical reputation rights and dividends, so it would be better that the dividend rights of Titanium Star Group would not need to be accumulated anymore, and Allen did not express his opinion on this.

After seeing that the discussion was almost done, Liu Jinpeng put forward his own package of plans. He said: "My plan is relatively complicated. It is to plan to cross-hold shares while incentives, strive to separate Titanium Star Laboratory from Titanium Star Group, and also separate the administrative headquarters and sales companies. Currently, we have a headquarters, two subsidiaries, two branches and one laboratory, and may establish a new subsidiary in the future. So we need to start separating administration, manufacturing, sales and R&D to cope with various possible situations in the future."

Li Xiwen has some doubts about this: "The current sales situation is that the translation products are headed by the marketing department and other products are managed by subsidiaries. How can they be separated uniformly?"

Liu Jinpeng explained: "My plan is to divide the marketing department into a branch that focuses on translation products, and transform the headquarters into an administrative management agency that coordinates the operation of the department, and is no longer responsible for the sales of specific products. The financial accounting of each subsidiary and branch will be carried out. The headquarters will provide financial guidance and the proportion of profits paid to the headquarters will be discussed. As for sales and channel issues, each subsidiary or branch will handle it themselves."

Yang Sen understood: "You are planning to delegate power. With the equity incentive set, the following companies will have a lot of subjective initiative. However, I guess my job is not much easier, but Zhu Lin can be idle for a while."

Zhu Lin disagreed with this opinion: "You are slandering. I am still a part-time planning director. I am so busy that I am not as idle as you said."

Li Xiwen hesitated for a while when she wanted to say something. Liu Jinpeng knew what she thought and took out a document and said, "This is Zhang Yu's resignation report. She will no longer serve as marketing director in the future. Therefore, the person in charge of the Translation Products Branch has to decide."

Yang Sen was surprised to ask a series of questions: "Why should you resign? Or did you resign before the equity incentives began to be implemented? Or did she know what happened to her company? Or did it be a poaching company? Why didn't the resignation report be given to the president first but where was you?"

Zhu Lin laughed and said, "You are so stupid. You are still fine half a month ago. Think about what might happen in the past half month..." He was just shaking off Liu Jinpeng's embarrassing things, but was frightened to find that Li Xiwen's face turned dark. He quickly shut up and scolded himself in his heart: I told you to talk too much, and sooner or later I will die in this mouth!

The scene became a little awkward, and Liu Jinpeng said with a shameless face: "Actually, I dug her to my cousin's foundation. She felt that she didn't have much energy to take care of it, so she planned to quit."

Still no one spoke, they all drank tea and looked at the sky and looked at the documents. Liu Jinpeng coughed and said, "In addition, I will ask Kong Shan to send the cross-holding plan to everyone." Kong Shan hurriedly ran up and sent the information for the boss. Liu Jinpeng continued, "The main purpose is to let the subsidiaries hold shares. In addition, in order to increase the control of the headquarters, I decided to make some fine adjustments to the division of the subsidiaries. The specific contents are in the plan, please take a look."

Yang Sen found out when he looked at the documents. The plan actually put a smoke bomb. Cross-holding of the subsidiary is simply to exchange the left hand for the right hand. Exchanges within highly controlled companies are actually a hidden goal. But the fine adjustment of the subsidiary shares is a real big move. Pingjing and Yangcheng subsidiaries currently hold 75% and 100% of the headquarters holdings respectively. The plan requires the senior management of the subsidiary to hold 5% to 10%, and then the headquarters' direct management personnel must hold 5%.

To be clear, the holdings of the headquarters in the subsidiary are distributed according to the original shareholding ratio. In fact, Liu Jinpeng’s personal holdings are only about 26% of the shares in Pingjing’s subsidiary, which is similar to Li Jingwen’s 25%. The largest shareholder is Li Xiwen, followed by Allen, Yang Sen and Zhu Lin. According to the plan, Yang Sen and Zhu Lin will increase their shares by 2.5%, which is close to the same as Allen. The shares of the other three major shareholders will be reduced accordingly except for Li Jingwen’s unchanged.

The Yangcheng subsidiary is fully controlled by the headquarters, so Liu Jinpeng owns the largest shares. Even if it is distributed according to the plan, Yang Sen and Zhu Lin will still be close to Allen's shareholdings. In this distribution plan, in addition to Liu Jinpeng suffering a little loss, Allen is considered the shareholder who suffers the biggest loss. Yang Sen and Zhu Lin's shares have increased to a certain extent, which is considered to be a disadvantage. Li Xiwen's shares have increased and decreased, and it is not considered a disadvantage.

However, although Liu Jinpeng and Allen lost some shares, they did not lose them in vain. It was equivalent to selling these shares to other shareholders at real price. Yang Sen and Zhu Lin had to pay a lot of money for this. But to be honest, Titanium Star Group can be said to be in an upward period now, and the shares are difficult to buy even if they have money. Moreover, the dividends are very frequent, and the amount of shares is also quite large at a time. Everyone wants to buy more.

But neither Yang Sen nor Zhu Lin wanted these shares. They still thought that the original shares were already very good. They didn't think about asking for shares at the beginning, but Liu Jinpeng forced them over. They both didn't pay a penny. However, Liu Jinpeng was ready for a protracted battle. Not only did Allen support his opinion, but in the end, even Li Xiwen agreed to such a distribution method. The three largest shareholders agreed, and it was useless for the two small shareholders to make trouble.

Yang Sen signed the letter but was still unhappy: "You said yesterday that your brother's relationship cannot be bought with money, so I will give it to me today. I think you are fooling me."

Liu Jinpeng had all kinds of excuses, so he just asked him one: "Yes, brothers' relationships cannot be bought with money, but what I give you is not money. You can treat it as a relationship as a dowry for both of you. Whatever you think, I will not pay for the dowry when you get married."

Zhu Lin was anxious: "Old Yang might get married soon, so I'm still early."

Yang Sen laughed and scolded: "You kid can marry me too, so I can also bring you Nancy together."

So the topic was immediately turned into a skew. Liu Jinpeng raised his legs proudly, but Li Xiwen glared at him. She came over and whispered, "I'll settle the score with you later."
Chapter completed!