Union: Leave the township road high speed

The opening of equity will inevitably lead to the democratization of decision-making, and the "three meetings"-the shareholders, the board of directors and the Board of supervisors in the decision-making process of their respective roles, but also within the enterprise become the normal. Intern reporter Zhu Jian "After the listing, enterprise development is like driving on the highway." "Bao Technology Co., Ltd., Secretary of the Board of directors in the interview with the" Zhejiang merchants, "the analogy to describe the development of enterprises in recent years," since the successful listing in June 2008, the Joint Technology (002250 · SZ) completed a simple transformation of private enterprises to the public company, whether in the internal management or market operation, are listed companies mature system operation mode.　　"Restructuring on high-speed 25 years ago, when the private sector has not been recognized by the policy, raised to 30,000 Yuan King Jinchang couple set up the predecessor of the United Technology Huangyan County chengguan Joint chemical plant, linked to collective enterprises operating licences," sets of cards on the road. "In the name of the township enterprises, but the enterprise is really ' a big one," any decision almost all the business owners themselves. "King Jinchang, chairman of the company, said," when the size of the enterprise is still small, the first is the efficiency of decision-making to seize business opportunities.　　"After the initial stage, with the liberalization of macro-policy, the joint chemical plant completed the transformation from township enterprises to private enterprises, and in 1998 changed to limited, and then in 2001 changed into a limited company."　　April 2007, the Joint Technology held the 2006 annual shareholder meeting, the Conference decided to send cash dividend to all shareholders to increase the share of capital, the company's total equity increased to 96.84 million shares, the structure of equity unchanged. April 28, 2008, the Joint technology officially adopted the initial application, and the first public release on June 19. Chairman King Jinchang's shares were reduced from 60% to 46.12%.　　Now, the joint chemical Technology has become a company engaged in advanced fine chemical intermediates of export-oriented enterprises, its four holding subsidiaries in Shanghai, Jiangsu, Taizhou Three places, the annual sales of nearly 1 billion yuan.　　According to the October 9 announcement of the joint technology, the company expects 2009 1-September to achieve the net profit attributable to the owner of the parent company rose 50% to 70% over a year earlier. The qualitative change of the decision-making system "is like the speed of the highway not only has the limit, but also has the lower bound, after the listing, to the enterprise growth rate also has many requests." And, whether the speed limit or overtaking and road, the highway has its own rules, only according to the rules, can run fast.　　King Jinchang to the "Zhejiang business" reporter said. In accordance with established practice, the company established the "three meetings"--the shareholders ' meeting, the Board of directors and the supervisory board--to strengthen internal governance.　　It is noteworthy that, as the executive organ of the shareholders ' meeting, the independent directors of the 7-member Board of the Union are exclusive of three seats, and all of them are "famous doors". "Companies are focused on money, technology and law, and the addition of these three independent directors provides authoritative insights into the decisions of the Board of directors from the field of expertise." RelativeBefore, this is called a qualitative change of the enterprise.　　King Jinchang explained. In September 2009, the company used a sum of $30 million to replenish its working capital.　　At the meeting held for this purpose, the motion on the continued use of temporary supplementary liquidity for idle fund-raising was handed over to the Board of Trustees for consideration, and three independent directors had expressed their independent opinions on the issue, and it was clear that the purpose of the call was to reduce the company's financial costs and meet the interests of all shareholders before it was approved by the board and It is the theme of the Taizhou government-led private enterprise ownership structure reengineering to form the pluralistic structure to promote the management standardization and the decision-making democratization through the equity opening. "The 30 million-dollar call may have been negotiated by several senior executives," he said. Now this standard decision-making process, can play the role of risk early warning. "King Jinchang said," The opening of equity will inevitably lead to the democratization of decision-making, and the ' three-will ' in the decision-making process of their respective roles, but also within the enterprise become the norm. ”