It is agreed that the 18th line will be top-notch?

A few seconds later, Yan Jinyu, who was in charge of external affairs and translation, opened the passenger door and got in.

As soon as the car started, the driver lady started talking nonstop, beaming and in high spirits.

The only little regret is that Yang Ruoqian didn't understand what she was talking about.

After the driver lady finished speaking, Yang Ruoqian cast a doubtful look at Yan Jinyu.

Yan Jinyu, who finally found a job opportunity, was enthusiastic about work as never before: "Mr. Yang, she just introduced the hotel we will stay in later."

"She said that our hotel is located in the heart of Rome, and we can have a clear view of St. Peter's Basilica from the suite we booked."

"The arrangement for us in three days is a luxury tourist train, from Rome all the way to Venice. Along the train, we can enjoy the beautiful scenery, enjoy delicious food, and have exclusive rest rooms."

"Well, she just asked us if we came here for tourism? Mr. Yang, just say it directly. I can remember what you said."

Yang Ruoqian replied: "We are here to participate in the Water City Film Festival."

The driver lady looked very proud: "It is one of the three major film festivals. It is very valuable and many foreign tourists will come to visit."

Yang Ruoqian secretly praised Yan Jinyu's down-to-earth translation and shook his head slightly: "We are not visiting, we are participating in the election."

When the translation went by without any changes, the driver's eyes widened in surprise: "What did you say? Run for the election? Did the movie you shot win an award?!"

It’s not surprising that she was surprised—this award is generally difficult to give to Eastern culture.

"Yes."

"You guys are really awesome! Are you the male lead in this movie?"

Yang Ruoqian shook his head gently: "No, I'm just an investor..."

"Is the woman next to you the leading actress in this movie?"

"No, this is my wife."

"You guys are really good-looking! If you don't make a movie, you will have a lot of regrets, right?"

"Not really..."

After the heartfelt compliments, the driver lady began to talk endlessly about the scenery along the way and their own culture.

Yan Jinyu tirelessly translated: "This is..."

"The building on our left is..."

"..."

"Once we get there, their company's dedicated personnel and cars will be on standby at all times."

“If you don’t know what delicious food to eat, you can also ask them for advice.”

This city has a long history and is rich in eating, drinking and entertainment options. It is indeed a good place to spend a lot of money.

Moreover, in the past, Yang Ruoqian, in order to pursue high consumption, even when eating Western food, he would only choose expensive food, and he did not taste many things.

You might as well take the opportunity to taste it.

Anyway, the fact that we will lose money this quarter is already a certainty, so there is no need to overly pursue spending money in such places.

It’s good to finally come out once and experience the customs and customs of a foreign country.

With that said, the convoy has arrived at the hotel.

As soon as they got off the car, Qi Mu, who was behind Yang Ruoqian, suddenly opened the car door and walked over with his laptop in his arms.

"Mr. Yang, we just contacted them and they said they are willing to talk to us." Qi Mu glanced at Chang Zhiqing and kept a suitable distance from the two of them. "Why don't I help you first?" Can you complete the room check-in procedures first?"

As an administrative secretary assistant, these are the things she should do.

Yang Ruoqian nodded, turned around and said to Chang Zhiqing: "Then you go up and rest first, I'll be back later."

"I'll come with you, and I'll listen to some things too."

"also……"

More than ten minutes later, everyone had completed the check-in procedures, and the three of them found a table in the lobby to sit down.

"Mr. Yang, we don't know what the specific talks will be like now, but some systems in foreign companies are different from domestic ones. Let me tell you in detail." Qi Mu sat across from the two of them, looking serious.

Is the company system different?
  Yang Ruoqian nodded curiously and asked, "In what specific aspects are they different?"

"The main reason is the difference in powers between the management, the board of directors and the shareholders." The secretary had done her homework and spoke without any awkwardness at this time. "These corporate structures are found in domestic and foreign companies, but when it comes to details, , in fact, the difference is very big.”

"The first is the management, which you are also familiar with. After all, you are the CEO of the company... You are mainly responsible for most of the company's daily decisions, such as market analysis, product development, project formation, etc. Simply put, you are the executor of the company. .”

"The second level is the owners of the company, that is, the shareholders. In theory, a company's decision-making requires all owners to make decisions together, but many companies have too many shareholders, and it is impossible to notify everyone in detail. .”

"So we come to the third level. The board of directors is responsible for the company's major decisions... and the biggest difference between domestic and foreign corporate systems lies in this board of directors."

Yang Ruoqian listened with interest as if listening to a story, and couldn't help but nodded: "The board of directors is different?"

Although Yang Ruoqian is the only shareholder of Kuaiguang Group, he is the only one on the board of directors, and he also serves as CEO and has monopoly power, but outside Kuaiguang Group, he certainly cannot be so willful.

The simplest example is that even the shelter company actually controlled by Kuaiguang Group has a board of directors, but Yang Ruoqian is too lazy to serve as chairman and will not interfere in the company's decision-making.

In the future, unless it is a wholly-owned acquisition of 100% of a company's shares, the board of directors will be an organization that Yang Ruoqian cannot avoid.

Of course... Yang Ruoqian doesn't want to get involved in the business of other companies except Kuoguang Group itself.

As long as they're losing money, that's a good thing.

Qimu continued: "The most critical and important decision-making power of the board of directors is to appoint and remove the company's management - including CEO, COO or CFO."

“But the appointment of new directors to the board requires a board meeting.”

"To put it simply, if the board of directors is not satisfied with the management, it can remove the management. If the shareholders are not satisfied with the board of directors, they can convene a board meeting and choose to replace the directors."

"..."

"The board of directors of most companies has between 5 and 15 people... However, the logic of the board of directors of domestic companies and Western companies is hugely different."       "Domestic, including most companies in East Asia, basically the chairman of the board Even if he is the absolute boss in every sense, he holds the most power in the company, and in most cases, he also holds the most shares in the company."

"Generally speaking, more than half of the voting rights on the board of directors will act in concert with the chairman."

"Either the CEO is arranged by the chairman himself, or just like you, you directly serve as the CEO."

"In short, as long as there are no unexpected or special circumstances, the shareholders, board of directors and management of the company's three major structures are the chairman who has the final say."

"Even if there are different voices and other forces that can compete with the chairman, the confrontation will only be temporary. In the end, it will return to a situation where one company is the dominant one."

Yang Ruoqian and Chang Zhiqing nodded in almost synchronicity: "What you mean is that the boards of directors of European and American companies do not follow this logic?"

Qi Mu turned the screen over and said with a smile: "That's right. Mr. Yang, Mr. Chang, I mean no offense, but I want to ask you, do you know who the chairman of Tesla is?"

Tesla?
  Yang Ruoqian knew the answer as soon as he heard this question: "Not Musk?"

Qi Mu shook his head: "No, it's a person named Robin Denholm... You don't need to remember, this person is not important."

"Of course, there are many cases where European and American companies hold concurrent positions of chairman and CEO... But you can also see that their chairman's responsibilities are different, and they are mainly used to maintain normal discussions within the board of directors."

"So you can see certain companies where chairmen are kicked off the board without any knowledge - because they don't have any more power than other directors."

"The board of directors of a company listed on Nasdaq must have more than half of the 'independent directors', that is, shareholders who do not serve in the company and do not have much business dealings with the company, to ensure the fairness of the company's decision-making and ensure that all shareholders rather than the interests of a few shareholders."

Yang Ruoqian finally understood what Qi Mu meant. He was stunned: "Wouldn't it be a bit unreliable to find so many outsiders to serve as directors in the company? Are they really qualified to make major decisions in the company?"

Qi Mu said so many words in one breath, her throat was a little dry. She took out a bottle of water from her bag, took two sips to moisten her throat, and continued:

"In most cases, the board of directors of European and American companies does not play a big role. Their real major decisions are made by the management, that is, the CEO. The board of directors can theoretically remove the management and has great power, but generally speaking, they Our job is to select a qualified CEO.”

"You should have made some investments. If you have paid attention to overseas investments, you will find that almost no researchers study who is on the board of directors of a European and American company. On the contrary, the CEO is the one who needs to be studied."

"So you can see that the more stable or prosperous a company is, the greater the power of the CEO, so much so that the board of directors dare not say a word - if the board of directors wants to forcibly remove a capable CEO, then shareholders who are waiting for dividends will We will never agree. Before the board of directors fires the CEO, the board of directors itself will be fired by the shareholders."

"Even the shareholder with the largest number of shares and even the chairman himself can only be kicked out."

"Only when the CEO is too bad and harms the interests of shareholders, the board of directors will initiate a resolution to remove this person, and then they can truly exercise the power they theoretically have."

"In general, the boards of directors of European and American companies are supervisors, while the boards of directors of East Asian companies are decision-makers."

"That's probably all the above."

After saying that, Qi Mu took the computer back and sat quietly on the sofa waiting for Mr. Yang's next order.

Yang Ruoqian listened to Qi Mu's popular science, nodded slightly and said, "In other words, if we acquire part of their shares, I will probably be elected as an independent director to join the board of directors."

"Yes, I just want to tell you that if you are not satisfied with the current situation of their company, you have the power to withdraw from the management. But this power needs to be used with caution, otherwise you may be removed from the board of directors - even if you are The same goes for major shareholders.”

It turns out there are so many different things...

However, Yang Ruoqian has no intention of managing a company far away in Europe and the United States.

On the contrary, if the board of directors cannot sit still and wants to remove the management of this game company and replace them with more profitable people, Yang Ruoqian will have to do his best to protect them on the board of directors.

"I know, I'll pay attention. You should also have a good rest. No matter how good the airplane environment is, it will definitely not be as good as the ground." After saying that, Yang Ruoqian stood up and went upstairs with Chang Zhiqing.

There are still many things to do tomorrow, so it’s best to go to bed early tonight.

……

……

On the third day, everyone who was completely rested boarded the train to Venice.

Many people thought that Mr. Yang came three days in advance because he had something urgent to do, but he actually gave the order to rest for three days.

So some of the people who had nothing to do went to eat and drink, some went to see scenic spots, and some even took the time to visit the Holy See.

All in all we had a great time.

On the train, members of the crew ate while enjoying the scenery along the way.

"Today is the day for awards. What award do you think we will get?"

"The Golden Lion Award for Best Film and the Silver Lion Award for the Grand Jury Prize are definitely a no-brainer." Shao Yiqi stretched his waist, "I think it's the Best Screenplay Award?"

"It might also be a small award like the Best Newcomer Award or the Special Jury Award."

Director An Zhou also basically agreed with these views: "That's pretty much it."

"No matter what award it is, it is very exciting. This is our first movie!"

Shang Qianyu was the stupidest and most naive: "Why can't they be the two biggest prizes?"

"Eat your ice cream honestly..."

……

After getting off the train and storing their luggage in the new hotel, the main cast and crew of "Black Robe" went to the Water City Film Festival Awards Ceremony together.

For this reason, Yang Ruoqian also deliberately put on the well-dressed but extremely troublesome clothes that Chang Zhiqing bought for him before.

Chang Zhiqing put on a sparkling dress and a pair of higher high heels. She took Yang Ruoqian's arm and sat down in the first row together.

However...even though there was English at the award ceremony, the two students, who were considered top students and had passed CET-[-], could not fully understand what they were saying.

This is the gap between reality and exams...

After complaining in his mind, Yang Ruoqian still had to call Yan Jinyu over and let her act as an interpreter again.

"What award is being awarded now?"

Yan Jinyu answered very quickly: "Now it's the Special Jury Award, and the next one is the Best Newcomer Award."

As soon as the words fell, the award-winning crew came down from the stage excitedly, and they were greeted with endless applause.

Yan Jinyu applauded gently and translated in a low voice: "They are about to announce the winner of the Best Newcomer Award..." (End of Chapter)