Shareholders' battles affect the temporary regulation of governance for a long time

It may be very tragic for shareholders to fight in the end, and some even have criminal responsibility. The two news yesterday afternoon were related to shareholder infighting. One is that NVC lighting founder Wu Changjiang was officially arrested; the other is that Peking University appointed a new chairman and president to Founder Group, because on the 4th, Peking University Founder Chairman Wei Xin and CEO Li You Yu Li, CEO and CFO, was taken away.

What the public wants to know is whether a company's operations will be affected by shareholder battles. Is such a company worthy of attention?

The development of an excellent company is inseparable from shareholder support, and shareholder internal struggle often casts a shadow over the company's development. Many news reports and research reports mention that a company's poor performance will be attributed to the company's shareholder loss, which affects the company's normal operations, and others attribute the company's strides to shareholder support.

This situation does exist. For example, the reporter knows that a company in Shenzhen got a piece of land and built an office building. The building can be rented out as soon as possible after early acceptance. The annual rent of tens of millions of yuan will greatly increase the company's net profit. However, due to the loss of shareholders, one party tried every means to block the acceptance of the building, and the accounts with poor performance were counted on the other side of the board of directors.

The battle between Zhengquan Holdings and Founder Group has also affected the operation of Founder Securities. According to Founder Securities, due to the struggle between the two shareholders, the bank deposits of Founder Securities and its subsidiaries were frozen by 3 billion yuan. At present, it is the golden period for the development of securities companies. Many securities companies are taking the opportunity to integrate funds, and the freezing of Founder Securities funds will undoubtedly clamp down the company's development.

However, more cases show that the impact of shareholder infighting on a company is only a temporary one, and it is only an episode for its long-term development.

In 2011, angry Yahoo shareholders accused Alibaba's management of privately transferring Alipay, but they found a solution to the problem. Alibaba's development has not been affected. Last year's listing in the US made a legendary case.

There have been many incidents in the history of Xinhua Insurance, involving executives' shocks, equity disputes, and fund violations, but the company has developed rapidly and successfully completed its listing. In recent years, profits have grown rapidly.

The real kung fu is another case. The company’s shareholders broke down and the losing party was put into prison. However, the company has also developed smoothly so far. Although the handover of new and old management is not normal, the new management has completely controlled the company. The operation has not been interfered too much, and the company is operating normally and is expanding.

Recently, there have been many companies that have been involved in shareholder battles. The battles between Tianhong Fund, Founder Securities, and NVC Lighting are in full swing. The battle between Shanghai Xinmei and Oriental Silver Star has not yet come to fruition. The disputes in Tibet Pharmaceuticals seem to have come to an end. The far disputes are also Quite a lot, for example, several shareholders of Meida shares have been plagued, Huahai Pharmaceutical shareholders have long been discord, and Netac Technology shareholders have also made a lot of trouble.

Most of the companies that have had disputes have developed smoothly, and some companies have seized the opportunity to successfully shake off the shadow of shareholder battles. For example, Xinhua Insurance is better. Some companies encounter obstacles in development, which may be affected by the downturn in the industry, or the company itself has problems. There have been many shareholder infightings in the history of Yahoo, but it cannot attribute the decline of Yahoo's status to this. It can only be said that the business model represented by the company is outdated. Alibaba is developing very well. How much can it be supported by the major shareholder Yahoo? In fact, the driving force for development is mainly based on the company itself.

Some recent cases have shown that companies can develop well under the shareholder's internal struggle. There are two reasons behind this. First, the company's shareholders are more and more rational, and the interests of the company are not worth harming the company's interests. The other is because the corporate governance system is more The more perfect it is, it is not affected by the competition at the shareholder level.

When overseas venture capital first entered China, they did not know which companies to invest in, and chose companies with government backgrounds to invest. Without fail, they only sought to invest in companies that have potential for future development. This case shows that a company's development benefits from the development of the industry. Thanks to the management of the company, the impact at the shareholder level is of course, but it cannot be overstated. Shareholders have money as shareholders, unless they are used for the company, the shareholders' resources are shareholders, and they can't feed the market by relying on shareholder resources.

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