Although the shareholders invested in the company, they did not have the ability to interfere in the management of the company. To protect their interests as shareholders of the company, the Board of Directors was created. The people on the board were elected by the shareholders. These people must have the experience, ability, and contributions to the Wen Corporation before being elected.
As such, those who were able to be on the Board of Directors were the Wen Corporation’s elites, and the Board was where the core and heart of the company resided.
Those elected were the spokesmen of the shareholders in the company. The shareholders shared their views and thoughts through the Board. The Board of Directors partook in the operations of the company. Hence, they were well-versed in the management of the company. They were able to accurately grasp the condition of the company at any time and could protect the interests of shareholders the most.
The Board of Directors represented the shareholders’ interests, their own interests, as well as the organizations’ interests. It was a highly desired position that held a lot of power and was the most complicated part of the organization.
Hence, those who joined the Board were able to influence the Wen Corporation’s higher-up’s decisions.
Furthermore, those who joined the Board were the true owners and descendants of the Wen corporation, and this was sufficient to cause big changes in the Wen Corporation.
Furthermore, Wen Xinya did not get in through underhanded methods, but through her own ability. She managed to gain the approval of the shareholders, and this solidified her position as the Wen Corporation’s rightful inheritor.
When Wen Xinya and Wen Haowen entered the conference room together, the directors in the room, including Old Mr. Wen, were all shocked.
Wen Xinya said apologetically, “I’m really sorry, there were some delays before this. Sorry to keep everyone waiting.”
Wen Xinya was not actually late. In fact, she took the effort to come early, in an attempt to assert her dominance. However, she needed to do so without rubbing people the wrong way. She had not joined the Board officially, and she had no contributed as much as those who were already on the Board. Hence, she wanted to present her best self to everyone.
Old Mr. Wen smiled and said, “Everyone knows you were stopped by reporters. Fortunately, you were not late, and the meeting has not begun.”
Old Mr. Wen had openly expressed his support for Wen Xinya, and the rest of the directors naturally did not have anything else to say.
Wen Haowen sat at his seat and looked Wen Xinya, who was smiling widely, capably dealing with the members of the Board. His face turned dark.
While his back was turned, Wen Xinya actually managed to achieve all this.
It was 10 AM sharp.
Old Mr. Wen raised his hand to stop the chattering in the room and sat solemnly at the head of the table, emitting a powerful aura. He started the meeting by saying, “The Board of Directors has been the core of the management. It is because of all of you, who are able to balance the interests of the shareholders and the company and have worked hard, that the Wen Corporation is able to satisfy both the company and the shareholders’ interests.”
There was resounding applause after his speech.
Old Mr. Wen held the most power in the Wen Corporation and was highly respected in the organization.
As the clapping subsided, Old Mr. Wen continued, “The aim of holding this meeting is to announce that my granddaughter Wen Xinya will join the Board of Directors as my heiress and will be the Wen Corporation’s new director.
“My granddaughter has been back for six years. These six years, she has undergone a significant transformation and, using her talents for jewelry design, has become a shining star in the upper-class society.
“At the same time, she has made numerous contributions to the Wen Corporation, be it through the Xiao Corporation ambitiously acquiring Ai Shang Group, or using Ai Shang Group’s products to rebrand the Xiao Corporation, she has demonstrated her capability.
“She is also an exceptional jewelry designer. Ever since she joined the Wen Corporation to design jewelry, even till now when she has taken on the role of chief designer, her works have been attaining the praise of our customers and even allowed the Wen Corporation to achieve significant market power, increasing our sales by 10% as compared to the previous year.”
She had also demonstrated her managerial talent through her execution of the recent sales plan, and the fact that the shareholders allowed her to join the Board of Directors showcased their recognition and acknowledgment of her talent and ability.
Old Mr. Wen sounded so agitated and excited because he was. The Wen Family finally had an heiress.
There was deafening applause. Through these few years, everyone had seen what Wen Xinya could do and had recognized that she was talented and capable. There were no objections to her joining the Board of Directors.
Only Wen Haowen was clenching his fists while listening to the loud applause. His face turned dark and he realized he was at a dead end as the CEO of the Wen Corporation.
Old Mr. Wen looked at Wen Xinya, eyes glistening with admiration, and said, “I hereby announce that Wen Xinya is officially in the Board of Directors.”
He said so with a sonorous and powerful voice.
The applause started again.
The various members of the Board approached Wen Xinya to express their congratulations.
“Director Wen, congratulations on joining the Board of Directors…”
“Director Wen, congratulations…”
“Director Wen…”
Wen Xinya shook hands with each member of the Board of Directors among the celebrations and expressed her gratitude to all of them for their warm welcome.
Old Mr. Wen sat at the head of the table, looking at all the members of the Board of Directors and their warm welcome towards his granddaughter, and knew that in recent years, she had contributed to the meetings with the Board. Looking at his granddaughter interacting with the various members with professionalism, he was heartened that she was able to grow so much in such a short time.
Bringing back Wen Xinya was the best decision of his life, he thought, as he said, “Xinya, say a few words!”
Wen Xinya stood up amongst the applause and said, “I would like to express my gratitude to the shareholders for their recognition, and to the members of the Board for believing in me. I would also like to thank the directors who are here for their support. In the future, I hope we are able to work and develop the company together, allowing the Wen Corporation to reach greater heights and contribute more to the benefit of the Wen Corporation.”
Wen Xinya left out phrases such as “learning”, “working hard” and “teaching”, and directly used her position as the descendant of the Wen Family to express her hopes for the future. She believed that doing so could allow her to assert her dominance.
