Although the money was all paid by Xinda, what about the compensation now...
The executives at Xinda Company had similar thoughts to Pan Zhiyuan.
Compared to He Haoyu, they obviously earn much less, but now, they also have to bear the responsibility!
Though they don’t have joint liability, for a share of over two billion, even one percent, imagine what that looks like.
In a small villa in Jingzhou, Xu Jiacheng, a 45-year-old independent director at Xinda Company, was constantly cursing.
"Tang Fangjing, Tang Fangjing you ***! You will die a miserable death!"
Cursing while smashing things because he already knows he’s done for.
As we all know, in our country, the position of an independent director is quite intriguing; you can simply understand it as a different kind of overseer within the company.
Unlike the company’s standing supervisory committee, independent directors are independent of the company and major shareholders. They don’t participate in daily managent but supervise the company and major shareholders, protecting the interests of minor shareholders.
But... everyone knows that, most of the ti, this position is almost like a mascot, only responsible for taking money, and supervision... depends on the situation.
That’s why the Supre Court’s "regulations" specially list that independent directors can’t defend themselves with reasons like "I’m clueless" or "I listened to others’ opinions."
That’s what they are guarding against.
Xu Jiacheng is about the sa. He serves as an independent director for three listed companies, which is the maximum number of concurrent posts as stipulated in the "Managent asures for Independent Directors of Listed Companies."
He is basically unclear about the situation at Xinda Company; anyways, just casually vote at etings, as for the rest, honestly, he wouldn’t get involved.
Previously, when fines were imposed, they didn’t reach him, but who could have thought that now even soone like him got directly sued by that Tang Fangjing!
Moreover, now his accounts have all been frozen, including this villa where he currently lives.
Unlike He Haoyu, who had left a retreat abroad, Xu Jiacheng hasn’t reached that level yet, so it’s equivalent to all the property he has fought for half a lifeti being completely frozen now.
No choice, the target amount is simply too large; Xinda Company’s existing cash plus so assets on the books are simply insufficient, so everything that needed freezing was frozen.
After kicking over a chair, Xu Jiacheng sat dejectedly on the sofa, with his wife and children not daring to co out while he was losing his temper.
Only when it finally quieted down did they co out and start tidying up.
"Old Xu, don’t... don’t be too angry..." His wife urged him.
Xu Jiacheng glared: "How can I not be angry, you tell how not to be angry, do you know my whole damn life is ruined now, I swear I didn’t do anything wrong, why !"
He truly felt very aggrieved, just earning money step by step, without doing anything outrageous, why does he have to pay!
There are quite a few executives like Xu Jiacheng, and now all their curses are directed at Tang Fangjing.
An effective output should be like Old Tang, attracting all firepower, then better outputting.
And a certain resigned legal director cursed the most!
"I’ve already resigned, why should I still be implicated, ah, you people are really overbearing..." Old Zheng looked at the copy sent to him and sighed deeply.
Fortunately, fortunately he had already prepared. In the previous false statent incident, he neither directly endorsed nor clearly opposed it, but sent a reserved opinion email to the company, or actually to He Haoyu.
Very simple stuff, just saying that he, as the legal director, did not endorse this behavior.
Just an email, without saying anything about illegality and stuff, so He Haoyu said nothing.
His reserved opinion as a legal director did not affect the implentation of false statents.
But now, this becos useful!
Actually, it’s not strange, many legal personnel in companies know about so illegal situations but don’t want to participate, and can’t stop it.
In such cases, one can only protect oneself through similar actions.
Unlike CFOs, who either escape or participate, there’s no third option... really miserable.
At Tengda, Old Tang lay leisurely on the recliner, completely relaxed.
Wang Qingqing chuckled beside him: "Brother Tang, you’ve really stirred things up this ti, look online, so anonymous people have started talking about you."
This case is huge, and the subsequent impact is significant, which ans companies previously penalized for false statents may all face such lawsuits!
Hence, so interested parties stepped up, arguing that things can’t go like this.
It’s bad for economic developnt, it disrupts stable patterns...
So even pointed their fingers at Old Tang, but they didn’t dare to directly curse him, instead saying "Tang Fangjing is already making cases just for making cases."
Old Tang remained calm upon hearing this: "Let them say what they like, for such interests, people can’t say a few words, right? As long as the case is successful, imitators will naturally follow."
In the previous life it was the sa, during the litigation period all kinds of riffraff jumped out, with hats labeled "patterns" and "stability" constantly placed.
Yet things went the way they were ant to be, and soon after the conclusion, other investor protection agencies started mimicking.
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