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Chapter 1041 - The Commencement of the Board Meeting
Chapter 1041 - The Commencement of the Board Meeting
Chapter 1041: The Commencement of the Board Meeting
Translator: Atlas Studios Editor: Atlas Studios
The board of directors comprised of the company’s high-level executives and senior management staff who were in charge of the company’s affairs and decisions. They could also be said to be the spokespeople of the shareholders.
The board of directors would carry out the decisions made by the shareholders.
Due to the fact that the board meeting would directly impact the development of the entertainment city and the setting up of a new department, the board meeting was elaborate and large. More than 30 shareholders were present, amongst which some were more powerful and authoritative compared to the rest. They were all on Qian Jianhui’s side.
Unlike the shareholders who were rather agitated, the directors remained calm and quiet. They did not utter a single word even when the shareholders made things difficult for Wen Xinya.
After all, the shareholders were the ones who invested in the corporation and held immeasurable power. It was not something that the directors could intervene.
Everyone heaved a sigh of relief after Wen Haowen announced the commencement of the board meeting.
Wen Haowen presented a report about the entertainment city.
Wen Xinya had noticed that the shareholders were rather enthusiastic and in approval of the entertainment city while the directors did not seem too interested or pleased.
Wen Haowen then suggested that they set up a new department and hire more employees.
The shareholders did not have much of a comment or opinion about his proposal because all they cared about was whether or not it could bring the company more money and give them the chance to receive a bonus for their share.
However, the directors and staff did not quite agree to it because they would be the ones seeing to the arrangements and getting involved in the management.
“I disagree. I don’t have any objections about the setting up of a new department, but I don’t think we should hire new employees. Wen Corporation is a major enterprise where all of the employees are elites who have been selected after various rounds of elimination. If we hire new employees, there will be a mismatch and imbalance in the competency level. This would greatly affect the company’s future operations.”
Wen Haowen said calmly, “The Wen Corporation has been running businesses in the apparel, jewelry and skincare industries. The entertainment city is a fresh concept for us and an opportunity for the Wen Corporation to expand. It’s a completely different field. Can you guarantee that our current employees can take on the responsibilities of this project?”
The director who opposed was rendered speechless.
Wen Xinya’s lips curled into a smile while she twirled the pen with her fingers. Wen Haowen was behaving dominantly and exuding strong confidence. She reckoned that he must have a trump card.
“I object to the idea of starting the development of the entertainment city as soon as possible because it requires a massive amount of funding and hence, we have to be very careful and conscientious. Planning requires time, be it for the initial stages of the development or the later stages.”
Wen Haowen insisted. “I have all the relevant inspection details and feasibility analysis reports. Please take a look, everyone.”
He had received the information from Madam Zhang, all thanks to Ning Shuqian.
Secretary He distributed the documents to every director and shareholder.
Wen Xinya browsed through the document carefully and focused on the segment regarding the reconnaissance of the plot of land in the West City. It was just a simple analysis that did not cover the issues that Celestial Detective Agency had informed her about.
Since the mastermind was keen on pushing for the entertainment city to be built, he definitely wouldn’t come up with a false document.
In that case, there must be a certain truth to it.
Did that mean that the issues that she had found were not worth mentioning at all?
Wen Xinya’s heart scrunched up and a cold shiver was sent down her spine.
At this moment, Wen Haowen said, “I know that all of you are feeling apprehensive about the entertainment city project. After all, this is a large scale development that requires a massive amount of funds. I’m very heartened to see that you are concerned about our company’s interests.”
Wen Haowen continued, “Everyone thinks that the idea of an entertainment city is very abrupt and that the decision was rash. However, I want to let everyone know that I’ve already begun preparing for the entertainment city three years ago. All the analysis reports have shown that this project is very feasible.”
The project about the entertainment city had been approved by the shareholders and, although there were differing opinions amongst the apprehensive directors, they wouldn’t doubt it. Hence, Wen Haowen was very confident about it.
“You said that you’ve been preparing this for three years, but we weren’t aware of it. How can I believe you?” someone else asked.
Since the entertainment city project had been approved by the shareholders, the directors had no choice but to carry out the project according to plan. However, they were all careful and conscientious because the company’s interests and a massive amount of money was involved. They hoped that the plan could be postponed so that they could carry out the analysis in detail.
Wen Haowen said, “You guys may not believe me, but please read the document carefully. You may raise any doubts or questions that you might have.”
Wen Xinya twirled her plan while thinking to herself, The document that Wen Haowen has given is way too perfect and convincing. I reckon even if everyone is displeased, they wouldn’t dare to object to it.
Wen Haowen had let his actions do the talking, like the directors requested.
The directors were in no place to object since they could not find any fault with the information given.
Actually, dictatorship was possible within a board of directors, so long as you had what it took to be a dictator.
Wen Haowen was not capable enough to be one, but his supporter had thought about it.
How shrewd.
Wen Haowen broke the silence. “Does anyone else have an opinion?”
The shareholders remained aloof and standoffish.
The directors who managed the company looked at each other in dismay. They wanted to oppose to it but did not have a valid reason to.
At this moment, Secretary Cao asked, “Too much money is required for the development of the entertainment city. I’d like to know if it will affect our current operations.”
He sounded rather oppressive and domineering. In fact, he just wanted to make a stand in front of the shareholders and the managing directors to let them know that Wen Corporation’s current operations would not be hindered by the entertainment city.
Wen Xinya smirked. Old Mr. Wen had promoted Secretary Cao to one of the directors of the Wen Corporation and hence, he had the rights to question Wen Haowen and in a way, he was also representing Old Mr. Wen. Hence, Wen Haowen had no choice but to answer.