After a brief longing for family, Xuezi was a career-oriented woman after all. She took a sip of red wine, and was obviously still worried that Liu Chen had not confessed completely to her in advance, saying, "The reason why you want Apple stocks is to join the board of directors of Apple, right?"

"Jobs couldn't let me on the board of directors," Liu Chen said helplessly. He just knew that Apple's stock would rise in the future. For investment purposes, and he could not take such a large amount of money away. This is the best choice.

The two completely broke down the talk. With Jobs' pride, they had never reconciled with the enemy. Except when Apple was forced to end, they reconciled with Microsoft Gates once, and they collapsed immediately.

"No matter how tough Jobs is and how capable he is, he cannot decide who joins the board of directors. But he is the one who supports him and chooses."

"What is this?" Liu Chen was puzzled by the composition of the board of directors of the American company and had never understood it.

Xuezi smiled and said with a show-off: "The company's major shareholder and board member are two different concepts. You won't even know this, right? Oh my God, how did you succeed in starting a business?"

Liu Chen shrugged and said, "How can you succeed? You don't know yet, so you will naturally defeat Suni."

Xuezi gave a fierce look.

When she thought about it, she was just like that. After all, Liu Chen was a freshman and was an engineering student. As a big boss, he could just use it well, and he really didn't need to know so much.

"Why don't Teacher Xuezi teach me a class?" Liu Chen asked for advice humbly, and Xuezi regained his face and benefited greatly.

"Ruzi is quite teachable, so I will tell you. The board members are elected by shareholders, but the board members do not necessarily hold the company's shares. The board members of listed companies can be divided into non-independent directors and independent directors. I won't talk about non-independent directors. It's easy for you to understand, let's talk about the criteria for selecting independent directors."

Xuezi is a very good teacher. Liu Chen thought to himself, if she really stood on the three-foot podium, wearing a lagy, and having black stockings, I'm afraid that students would not be absent in every class.

"So who decides the board members?"

It is obvious that she was able to kill Liu Chen in a flash in some way, which made her very happy.

"There are generally three types of committees in the board of directors of listed companies, and the members of the board of directors belong to different committees. The first is audit-, which is mainly responsible for assisting the board of directors in reviewing relevant matters in financial statements. Nasdaq and NYS stipulate that this committee must be composed of three members and must meet the requirements of independence."

Liu Chen nodded and said, "This is easy to understand. It is mainly an audit to avoid the hired managers who are fake and useless to harm the interests of shareholders. What about the second committee?"

"-, mainly responsible for evaluating the performance of the operation team and thereby determining the salary level of executive personnel such as eO must also be composed of independent directors and must not be less than three."

"Wouldn't that be the assessment of the management team, which is equivalent to the role of the personnel and organization department. This is too much power, right? It can be above the management team."

"Your concern is not redundant. In fact, the structure of modern listed companies is like the separation of powers in the United States, checking and balancing each other to prevent one from dominating the dominance. However, there are always exceptions in everything. The regulations are dead and people live. According to the actual situation, there have indeed been situations where eOs are subject to restraint everywhere, and there are also powerful eOs who ignore the committee at all, just like Jobs."

"Okay, okay, I won't interrupt you anymore, continue."

"The third committee is Nina Ting-, mainly responsible for selecting candidates for the board of directors."

"The chairman of the board of directors of many listed companies in the United States is not eO, such as Apple, in order to avoid flattery. In order to maintain efficiency, the board of directors generally does not have more than 9 members."

"Generally speaking, listed companies will follow three criteria to select candidates for board members. The first is to maintain independence. This standard is the top priority. Color, ny color, and nasdaq are all stipulated, that is, no substantial interest relationships with the company. You may choose executives or board members of other companies, provided that the product lines of different industries or two companies are different."

"I don't meet this one."

"The United States is a country with a popular lobbying system. Even the Oscars allow lobbying, and there are special lobbying methods. This is useless. Of course, it depends on the specific situation. If eO is too dictatorial, it will indeed become an obstacle. As long as you don't know where to tell others that you are the boss behind the Yinba Company, who knows?"

Liu Chen nodded. No matter where he was, there were strong people who could despise the regulations, but the regulations were regulations after all, and unless the strength difference was too large and enough to be sold out in seconds, it would have a big effect.

As strong as the Emperor of ****, he did not dare to openly violate the Constitution. After becoming two presidents, he even made a prime minister to deviate and openly defied the rules. That would be a big conspiracy in the world.

"Second, have certain qualifications and skills, such as corporate finance, operations. For example, ronald-sugar, he once served as tr, so he has a high financial level. Third, he has a high reputation and ethical standard. For example, robert-iger, he has served on the Export Committee for a long time."

It is equivalent to having a background as a senior government official.

"It's too general to have rich experience in making judgments and inquiries. Nina-After selecting candidates, a list will be made and a proposal will be submitted to the annual board meeting for shareholders to vote."

Liu Chen pondered and thought, Xuezi was very well-behaved and did not disturb him.

"The board of directors represents the interests of shareholders and supervises the company's business activities. The board of directors has the real power to appoint and remove company executives and decide on major matters of the company. The board of directors is very important and should be loyal to shareholders." Liu Chen said to himself.

"The equity structure of a listed company generally has two situations: one is that there are major shareholders with control; the other is that there are no controlling shareholders, and the equity structure is scattered. And so on, both models should have problems."

Liu Chen unconsciously substituted it into the analysis. This is his way of learning knowledge, reasoning based on his own logic, and then correcting it based on reality.
Chapter completed!