Chapter 24
Chapter 24 — The Creator Cannot Be Erased
"Don't forget..."
"Who brought you to where you are today?"
She calmly replied: Her voice was very slow.
"Just because I remember..."
"So I can't let you..."
"Continue to sign wrongly in this record."
According to regulations on conflicts of interest... Chu Dinh Son and the member of the Board of Directors nominated by the Chu family... Left the voting session. Chu Khai Minh... As the person being considered for responsibility... Also left the meeting room. The remaining five members of the Board of Directors... Have no related interests... All voted in favor of the first three contents. As for the fourth content... The final personnel will not be decided immediately. The Council only approved a temporary plan. Establishment of the Transition Executive Committee. Members include: Chief Financial Officer. Technical Director. All important decisions... Are subject to the supervision of the Audit Committee. Don't become CEO that day. Chu Dinh Son... was also not invited to leave the company. He is still the largest shareholder. Still holds the majority of shares. Since that day. You can no longer... With just one sentence... Decide who is the founder. Who has to leave? When the meeting ended... He walked past me.
"This time..."
"You win."
I looked at him.
"It's not about winning or losing."
"So what is it?"
"From now on..."
"Everything must be done according to regulations."
15. Return the name that belongs to me. The special audit... Lasted twenty-six days. The final report concludes: Dieu Xuyen Project... Transactions with related parties of the board of directors exist but are not disclosed. There is an act of falsifying price comparison records. There is an advance payment at an unusual rate. And many service items... There is no evidence to prove that it was actually handed over. The company decided to... Stop paying the remaining amount of 2.56 million yuan. At the same time... Start procedures to reclaim 10.24 million yuan paid in advance. The amount of money Qiming Ventures received... Was also put on the key list that needs to be recovered. In the entire report... Words such as:
"Appropriation."
The report only does one thing. Write clearly. Every coin... Approved by someone. Go through these companies. In exchange for what? Assign full responsibility... For the proceedings. Asset recovery. And subsequent monitoring procedures. That road... Much slower... Compared to an emotional conviction. It also made their father and son... No longer able to use the phrase...
"Just a procedural error."
To cover everything up. The Board of Directors decided... To dismiss Chu Khai Minh from all positions. Termination of the right to represent the company in foreign affairs. At the same time, ask him to... Coordinate with the entire further investigation process. The day the decision was delivered in person... Chu Khai Minh held the paper for a long time. He said:
"It's just a preliminary report."
La Man calmly replied:
"The dismissal from office..."
"It is the decision of the Board of Directors."
"Asset recovery and liability determination..."
"Will continue in accordance with the legal process."
"You have the right to submit written opinions."
In the end... Zhou Kaiming still signed. On the confirmation... There are no longer the words:
"Founder."
And the date of signing. Chu Dinh Son... Didn't lose all his shares overnight. Nor become empty-handed. He proactively resigned as Chairman of the Board of Directors treat. Two weeks later... During the Extraordinary General Meeting of Shareholders... The Company completed the re-election of the Board of Directors. No longer on the nomination list. He only retains his shareholder status. Continue to exercise legal rights such as: Voting. Receive dividends. And access to information. The day of the General Meeting of Shareholders... The chairman's chair... No longer has his nameplate. The staff took back the sign:
"Chairman Chu Dinh Son."
Put it in your file bag. Replace with a clipboard.
"Shareholder representative."
Chu Dinh Son gently touched the board. No return required. After the voting ended... La Man in turn announced the list of the Board of Directors for the new term. No longer mentioned. In the meeting room... There was no applause. There was only the sound of flipping papers. And the sound of signing. He stood silently at the door looking for a moment. Quietly sat down in the row of seats reserved for ordinary shareholders. Before the meeting ended... He asked me:
"If it weren't for me..."
"This company..."
"Can it still be listed?"
"Is it possible or not..."
"Depends..."
"From today onwards..."
"Does it even dare to follow the truth..."
"And follow the rules too or not."
No sorry. Don't wait for that apology anymore. The listing of Trung Quang... Postponed for another five months. The day the company announced the postponement notice... In the employee group... Someone asked: Can the stock option exercise period... be extended? Finance Department... Continuously received dispatches from three suppliers. Request to withdraw payment term... From sixty days to thirty days. Even General Director Do... Also added provisions... About the stability of the system. And the change of senior personnel. Answer each question one by one. In the past... Whenever the company was in crisis... The first thing I thought of... was to make everyone feel secure. But this time... I don't promise:
"There will be no impact."
I'm just stating the obvious. Already determined. It's still a risk. The company began to review all: Transactions with related parties. Supplier selection process. History of formation. Stability of the executive board. At the same time... Re-implement the entire internal control remediation plan. Banks... Raise credit appraisal standards. Some capital projects scheduled to be implemented after listing... Forced to postpone. No one... Because the Chu family left their positions. Employees... Worried about delayed stock options. Supplier... Request to shorten the payment term. Two senior leaders... Choose to resign. Correcting a mistake... There is a price to pay. After six weeks... The Transition Executive Committee completes its mission. The new Board of Directors... Officially appointed me... The appointment ceremony... It was very short. The appointment was very short. The resolution of the Board of Directors clearly states: And the monitoring mechanism that the CEO must comply with. Since then... The appointment of CEO... No longer comes with the words "absolute trust". Every major purchase. Transactions with related parties. Or change senior management personnel... All have clearly defined boundaries of authority. When I signed the appointment decision... La Man gave me the pen. Next to the signature... No more urging red notes. The new Chairman of the Board of Directors asked:
"Do we need to do a new communication campaign..."
"With a nice 'The Founder Returns' theme no?"
I closed the file.
"No need."
"Don't make the company's story..."
"From the story of the Chu family..."
"Becoming Trinh Thu Ninh's own story."
"Just..."
"Write the correct history."
"Write clearly who is in charge now."
"So..."
The number of shares in my hand... Didn't increase overnight. Five percent of the shares... Which they previously forced me to transfer... Still belong to me. Total ownership ratio... Remains 12%. As for the new long-term incentive plan... Will be redesigned by the Compensation Committee... After the entire rectification process is complete. Neither do I... Fire everyone who chose to stay silent. Head of Brand Department... Due to participating in unifying false explanations... Demoted and continued to be investigated. Deputy Manager of Procurement Department... Due to falsifying price comparison documents... Dismissed. As for those who... Just stay silent because of pressure... They are all handled according to the truth... And according to each person's level of responsibility. Thieu Lam... Continues to be in charge of Supply Chain. During the first meeting of the Procurement Committee after the reform... She placed three quotations on the table. Professional department. Finance Department. And the unit used. Explain in turn the basis for your choice. After the meeting... She asked me:
"Later..."
"Should I just choose the lowest price..."
"Will there be no more problems?"
I shook my head.
"Lowest price..."
"It could also be wrong."
"What should I choose?"
I looked at her.
"Let every decision..."
"There's a reason."
"Let even the opposing opinions..."
"There's also a chance of being kept."
Responsible for rebuilding the entire administration system. In the new set of regulations... She added one more clause. If the transaction... Is related to members of the Board of Directors. Senior leaders. Or their immediate relatives. Do not rely solely on the name of the contracting party... To determine whether or not a transaction has to be made with a related party. But it is imperative... We must investigate the person who truly benefits in the end. When giving me the revised version... La Man said softly:
"This time..."
"Not to guard against Zhou Kaiming alone."
"I know."
"If a regulation..."
"Only know how to prevent things that have already happened..."
"Then next time..."
"Other people will just change to a different way of doing things."
I sign... On the last page. Five months later... Trung Quang... Officially restarted the completion of listing documents. That meeting room. On the table... Mineral water bottles are still sealed. La Man's red notes... Still stuck in places that need to be signed. Only one thing is different. No one pushed me anymore... Within two hours... I had to lose my name myself. The Company's History section... Is written very completely. Chu Dinh Son... Correctly listed as... Early stage investor. Former Chairman of the Board of Directors. At the same time, clearly state... His contributions... And corporate governance. Listed as... Co-Founder. Product shaping. Building supply chains. Develop distribution channel system. And set up the entire operating model. Technical team. Early shareholders. Along with changes in the management structure through each round of capital raising... All are recorded... In correct chronological order. The fact that Chu Khai Minh once held the position. Transaction with Dieu Xuyen. And All subsequent processing results... are no longer hidden behind four words:
"Management adjustments."
No longer written into one person's legend. To return my name... There's also no need to erase anyone else's work. The secretary... Checks each signature box in turn. When she got to the founding team confirmation page... She raised her head and asked me:
"Miss Trinh..."
"Founder part..."
"Do I need to edit anything else?"
Outside the window... The sign of the R&D building just lit up. Below... Someone is pushing a new generation model passing by. Coming to the bend... The machine gently hugs the edge of the wall... Then turns steadily. I picked up the pen.
"Founder part..."
"There are no more problems."