It was just that one person confronting the entire board of directors made her more or less like a mane, and she did not know exactly where to start.
Charlie wade spoke up at this time: “I have the impression that in most groups, shares and voting rights correspond in equal proportion, if a person holds 10% of the shares, correspondingly they have 10% of the voting rights, if a person holds more than 51% of the shares, the voting rights are also more than 51%, theoretically they are the absolute controlling majority shareholder, right?”
Flynn Phoebe was busy saying, “That’s right Mr. Wade, that’s right.”
Charlie wade added: “But for many large groups, because of the large number of businesses and shareholders, and because they have listed public offerings to issue shares, the equity dilution is so great that in many large groups, the single shareholder with the largest shareholding may sometimes be only twenty to thirty percent, right?”
“Yes.” Flynn Phoebe said truthfully, “The vast majority of listed companies are like this, take Apple, which has a market capitalisation of more than two trillion dollars, the largest shareholder, Pioneer Group, holds only about seven percent of the shares.”
Charlie wade said, “So in this case, it is necessary to implement the system of AB shares, taking away the voting rights of other shareholders without depriving them of their shares, even if you cannot achieve an absolute holding of more than 51%, you must at least hold more than 51% of the voting rights in your hands, only then can you ensure that others cannot shake your foundations. “
Saying that, Charlie wade added: “You have to remember that today, is the day those shareholders fear you the most, no matter if you make or not make them pay today, after today, their fear of you will be lessened, so you must seize the opportunity.”
Hearing this, Flynn Phoebe’s entire body was enlightened.
Charlie wade was right, the current board members must all look like suspects who had committed a crime and were waiting to be sentenced.
They were all ready to receive punishment themselves, and if they didn’t take this opportunity to suppress them for a while, then they would create a feeling of impunity after today.
In that case, they would only become more arrogant.
Thinking of this, she immediately said to Charlie wade, “Mr. Wade, thank you for your reminder, I understand, I will convene a board meeting later and ask all board members to surrender all the voting rights corresponding to their shareholdings!”
Charlie wade smiled in satisfaction, “Then I will wait for your good news.”
Just then, one of the group’s public relations managers walked over in stride and said to Flynn Phoebe, “Chairman, Inspector Li Yalin from the New York Police Department is here, and he says he has something important to ask you.”
Flynn Phoebe frowned and spoke, “He should be here for the matter of Flynn Hao Yang, let you take up this matter with him, I have other things to do, so I won’t meet with him.”
The PR manager immediately nodded and said, “Okay, then I’ll go and communicate with him.”
Flynn Phoebe was about to speak when she heard Charlie wade on the phone speak, “Miss Flynn, since Li Yalin ran over to you, then you might as well meet him and see what he really wants.”
“Okay!” Flynn Phoebe immediately agreed and said to the PR manager, “You can let Inspector Li in.”
Charlie wade spoke at this time, “Miss Flynn, you don’t have to hang up, I want to hear what Inspector Li wants to do.”
“Okay Mr. Wade.” Flynn Phoebe said and put the phone into her pocket.
A moment later, Li Yalin walked in with big strides.
After he saw Flynn Phoebe, he got straight to the point and asked, “Miss Flynn, where is Miss Xion, the one you went back to New York with, now? I have something to ask her face to face!”