Gem: Chief executive leaves office

As the saying goes, "entrepreneurial difficult, yeh more difficult," but in China's gem, there has been a large number of senior companies "entrepreneurial not yeh" phenomenon. According to incomplete statistics, up to now, the gem listed companies, a total of 26 companies issued relevant company directors, independent directors, senior executives, supervisors resignation notice.　　In addition, there are 3 companies only in the Board of Trustees, the Board of Directors Resolution Bulletin announced the resignation of the news. In the wave of resignations of executives in the gem, the announcements show a myriad of reasons for resignation. Market people generally believe that the enterprise board resignation of executives behind, the real reason is nothing more than a "profit" word drive. It has become an indisputable fact that most of the executives who resign from the gem are more or less in possession of the shares of the company, and they will be more convenient to cash in when they resign. According to the relevant regulations, the listed company's executive holding shares generally have a 1-3-year range of restricted period, but if resigned, its restricted period of only six months.　　By November 1 This year, the first listing of 28 gem companies will have about 1.2 billion shares lifted, when the lifting of the market value or will be more than 30 billion yuan.　　Easy to get senior executive flash resignation if Fang and Yichome leave, many of the constraints will not be established, they will be in six months after leaving their holdings of Kesho shares sold, and Kesho is not a listed company, the transfer of their shares in the Act is not regulated. In many gem listed companies, flush is undoubtedly representative. December 25, 2009 listed with the Flower Shun, in its listing less than one months, there is the phenomenon of senior management turnover. January 18 This year, the company's Secret secrets and Supervisors Yichome both resigned, called the fastest after the listing of the GEM executives.　　For some reason, Fang and Yichome resigned when the company did not disclose this significant personnel change news, but in the board of Directors and Supervisory committee report issued on January 26, and other resolutions disclosed together. According to the same flush, Fang resigned because of work, and Yichome resignation is also due to job needs. However, according to the reporter's investigation of relevant information, the actual Fang and Yichome are held in the company's shares. and Yichome relationship with the company is very unusual, she and the company actual control person Isi is brother and sister, she is also the same flower shun corporate shareholders in Shanghai Kesho Investment Consulting Co., Ltd. one of the shareholders.　　Kesho currently holds flush 20.16 million shares, accounting for 15% of total equity. Kesho's establishment is to be let flush the equity. August 30, 2007, Kesho invested 3 million yuan, was let the same flower shun 20% of the equity. The same year, December 7, with flowers shun change for the joint-stock company, Kesho shareholding 6 million shares.　　In 2008 with a flush carried out 10 4 shares, 10 sent 2 shares and 10 sent 2 yuan, Kesho shareholding increased to 10.08 million shares, accounting for the same flush total capital of 20%. For flush the shareholding, Fang and Yichome have a certain commitment, which Fang commitment to its holding the lock-up period of one year, Yichome commitment to the lock-up period of three years. In addition, they are all committed toThe shares transferred during the period of the company's tenure do not exceed 25% of the Kesho shares held, and the Kesho equity is not transferred within half year after separation.　　Some market personage tells reporter, although have afore-mentioned pledge, but in other words, if Fang and Yichome leave, a lot of restraint condition is not tenable, they can sell the Kesho shares that they hold after six months of separation, but Kesho is not a listed company, the behavior that transfers its equity is unable to supervise. In addition, last year in the first echelon of the listing of Shanghai Jia Hao Director Li Yu, Lith Chen Supervisor Zhang Xuquang, China testing two vice President Wei and Niepengxiang, Xinning Logistics director Xiaoming, etc. A concern for the gem of the management consulting experts to the Times, said that because most of these turnover executives are professional managers, they are in order to facilitate the withdrawal of the term of office, chasing the maximization of profits this is understandable, but the listing is to leave, the impact on the listed companies can not be underestimated,　　This is an expression of irresponsible investors.　　Listing is the resignation of the chief executive to retire?　　Although not a long time to enter the company, but Fan Yongjian also had the opportunity to get the pathfinder before the listing of the explorer's shares, and the company listed after the book wealth rapidly inflated.　　In addition to the top executives who resigned on a variety of grounds, in fact, there is one such group of senior officials who have resigned from the gem-the company has come to the market to push the company's listing. The Pathfinder's Dong Yong should belong to this type. June 10 this year, Fan Yongjian resigned as secretary of the company's board of directors, he gave the reasons-separated from his family, unable to care for the family. 1971-born Yong, securities practitioners experienced, June 2008 hired as Pathfinder Dong, then the Pathfinder is in full swing to prepare for the listing. Although not a long time to enter the company, but Fan Yongjian also had the opportunity to get the pathfinder before the listing of the explorer's shares, and the company listed after the book wealth rapidly inflated. In 2008, Yong, which joined the company shortly after its investment, invested 999,900 Yuan in the company's capital increase. When the company changed to a joint-stock corporation, its capital was converted into 226,498 shares. After a 10 increase of 10 shares in 2009, the shareholding increased to 452,996 shares.　　The current market value is over 12 million yuan. In addition, this year, the resignation of the board of Directors is not a minority. April 9, the game for Intelligent Director, Deputy general manager Zhou Yi announced his resignation, April 30, Jinya Technology and deputy general manager 陈建 also chose to leave the company.　　However, and Pathfinder Fan Yongjian Short term of office is different, the race for intelligent Zhou Yi is the company's entrepreneurial old minister. The 36-Year-old Zhou Yi, who joined the tournament in 1997, worked in Shenzhen Go Sida Automation Technology Co., Ltd. Her tenure of office is from August 2008 to August 2011. Race for intelligence in the January 20 this year landing gem, and only two months after the listing, April 7, Zhou Yi for personal reasons to the Board of directors submitted a written resignation report, resigned from the company director, deputy general Manager, Secretary of the Board of directors and other positions。 Since 1997 as the company's promoter to 2006, Zhou Yi in a number of additional capital and equity transfer, a total of 5.61 million yuan, a shareholding of 11%. In 2007 and 2008, Zhou Yi transferred part of the stake to 3.492 million yuan, still holding 9.054%. In August 2008, when the company was changed into a joint-stock corporation, its shareholding was converted to 5,432,235 shares.　　After 2009 10 sent 2 shares to increase 0.5 shares, the shareholding increased to 6,790,294 shares, the company's fourth largest shareholder. Zhou Yi I am afraid is the resignation of the richest one in the secretary, in his 13 years in the company, she invested a total of about 2.12 million yuan, and now, she holds the market value of nearly 200 million yuan, if the cash, will be a huge wealth. [Page] It is the turbulence of the company's top executives who choose to flee from the bad results of their web-hosting technology.　　As early as March 10 this year, the Internet technology issued a notice, director and general manager Peng has submitted his resignation, said for "personal reasons" resigned from the company's full position. Of course, in addition to the convenience of the present, the huge performance pressure also makes a part of the gem executives choose to flee. Although the gem delisting system has not yet been introduced, but the market has begun to speculate who will become the first gem delisting companies, of which, the gem "28 stars" one of the Internet technology is very likely.　　It is understood that the net of the first half of the year net profit fell 29.97%, the main reason is the competition in the industry is increasingly fierce, resulting in falling product prices, coupled with increased costs, so that the company's overall gross profit reduction. The Net-bed technology bad report card behind, is the company high-level turbulence. As early as March 10 this year, the Internet technology issued a notice, director and general manager Peng has submitted his resignation, said for "personal reasons" resigned from the company's full position. At the time, Peng in the media interview to explain the real reasons for his resignation-due to performance pressure. Peng March 2007 joined the network Technology, PE from the beginning of his tenure, began to set up the Internet technology financing matters. Before the listing, the net-bed technology has successfully merged two 40 million yuan of private equity investment. The first is made by the Shenzhen Innovation Investment, fortune and cast, and the second is by fortune to lead the United Beijing Tak Cheng shengjing, Shenzhen Chuang Oriental and other institutions completed. At the beginning of his tenure, Peng had set a target of 50% per cent annual revenue growth within three years.　　And after the listing of Internet technology, performance performance is not satisfactory. Peng, 46 years old, joined the company in March 2007, Peng A total of 2.5383 million shares in the network technology, the company's five largest shareholder. According to the relevant agreement before the listing, the senior executives will not be allowed to transfer their shares within six months of separation. There are comments that although the purpose of the company's listing has been achieved, but Peng face huge operating pressure, choose to leave, which is irresponsible for investors.　　In addition, with Peng announced the departure, there are internet technology company independent director, Nanjing University of Finance and Economics vice President Wang Kaitian. Gem Strange Elephant Executives who leave many of their executives on the surface have resigned from top management positions, but have not actually left the company. The industry called the phenomenon "false resignation."　　According to incomplete statistics, up to now, there are 9 gem companies of 10 former executives chose this approach. In this year's surge in the resignation of the Gem executives, there is also a strange phenomenon: many companies ' executives ostensibly resigned from senior positions, but actually did not leave the company. The industry called the phenomenon "false resignation." According to incomplete statistics, up to now, there are 9 gem companies of 10 former executives chose this approach.　　The most recent one is August 25, the rubber industry announced that the company's board of Directors August 20 received a written resignation report from the Secretary of the Board, due to changes in work, Zeng Xueyi to resign the company's board of directors, now as the company's administrative advisor. In addition, Li-Chen company supervisor Zhang Xuquang for personal reasons to resign from the post, after the media reports, resigned after not leaving the company. and flush the exit Supervisor Yichome, also be confirmed to leave after leaving the company, just from the executive into no position of ordinary employees. In addition to the above, there are some executive turnover is indeed "job needs", their resignation is only one post transferred to another position. Hai Lanxin Former supervisor Gaolian this May 19 resigned from the post of supervisor, Gairen company deputy chief engineer.　　Huayi Brothers Former finance director Zhang Yanping resigned as finance director April 1 this year after Gairen the head of the company's internal audit body. Of course, some of the company's executives resign just to the board, mostly out of job needs. This kind of company's representative has the silver shares and the Hua Li Chuang Tong Two. January 19 This year, Silver shares of former deputy general manager Chang resigned, to assume the position of director of the company. February 2 This year, the former supervisor of Li Shongjun resigned from the post of supervisor, turned to be the deputy general manager of the company, and this March 6, Hua Li, another supervisor Xu Xian also resigned from the post of supervisor, currently as finance manager. Because these three people are still in the executive list, therefore, they are not a real sense of separation, after six months can not reduce. The resignation of a large number of executives, especially the phenomenon of fake resignation, reflects the lack of corporate governance in listed companies, and the sell-off of executives will undoubtedly be a major blow to the gem.