Tao Liangchen

Chapter 946 Supervisory Committee

Having arrived at the mall.

Su Yehao paid for Vice President Xie to have a cup of Hong Kong-style milk tea.

Since its opening, business at the Qi De Sihai Shopping Centre has been passable, with many customers coming to eat and shop.

Brands like Hermès, Chanel, Dior, Lv, and Gucci are all present in the mall.

Sihai International is aggressively building high-end chain shopping centres in the Mainland.

These brands aren't stupid. They are taking the opportunity to hitch a ride into the Mainland market, so they are giving Old Su face. Even if they felt the market was already saturated, they still agreed to open stores. As it turns out, it was the right decision.

Nowadays, the average amount spent by locals in shopping malls has started to fall behind that of Mainland tourists.

Su Yehao indirectly brings many tourists to his own businesses through the Ganghao Tourism Group, and since Hong Kong has low taxes and slightly cheaper goods, they buy things like there's no tomorrow.

For example, Rolex watches in watch shops are constantly out of stock, and cosmetics counters selling L'Oréal, Estée Lauder, and SK-II often have customers lining up to pay.

Su Yehao is familiar with this place since he often comes here when he has nothing to do.

He also went to the third floor, found a store selling egg waffles, and bought two servings to take home for Nangong Tian and Jiang Yu as late-night snacks.

After briefly discussing his vision for the future development of Black Diamond phones.

Vice President Xie listened attentively throughout, gradually understanding the situation. He was wondering if he should try to get a position at the so-called new factory, as it seemed like it would be easy to achieve results there.

After all, from Su Yehao's perspective, he seems to be more interested in the OEM factory than the Black Diamond phone company itself...

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Some things are useless to worry about, and Su Yehao tries not to put too much pressure on himself.

Even with the current competition involving the nation's fate, his attitude is just to do his best, and his mentality remains peaceful.

When he arrived back home.

Jiang Yu was busy helping Nangong Tian's son change his diaper. The nanny looked nervous, afraid that she would accidentally bump or hurt the child.

Su Yehao went closer to take a look, pinching his nose and saying, "Ew~ What did he eat? It smells so bad? Jiang Yu, come and eat your late-night snack. I brought you egg waffles."

Jiang Yu, panting, glared at him and said:

"Do you think I can eat right now? No matter how smelly he is, he's still your son. Now is the perfect opportunity to practice, so of course, I have to learn in advance."

Su Yehao remained noncommittal, answering, "You say it like you don't need the nanny's help and will do it yourself when the time comes. I think you're just enjoying the novelty. You'll get impatient after changing him two or three times."

Jiang Yu nodded, smiling and saying:

"Maybe. Other things are fine, but my ears are too sensitive. I get inexplicably irritated when I hear a baby cry, and it's easy to get annoyed."

An infant room had been prepared for the baby in advance, far away from Jiang Yu's room.

The walls at home are also particularly thick, with excellent soundproofing, so even with a baby in the house, Jiang Yu is not disturbed. Su Yehao and Nangong Tian's sleep quality is also excellent, and they don't have to get up frequently at night.

The top-notch nanny who was specially hired earns a salary of one million Hong Kong dollars a year.

She also personally raised Nong Qingying's child, and with the help of the family's maids, Nangong Tian hardly had to worry about anything during her postpartum confinement.

Jiang Yu wiped the baby clean at this moment, lowered her head to sniff carefully, and decisively said:

"It still smells. Let's give him a bath. His little butt is so bouncy and tender. It seems like all baby animals are adorable. Look at his little feet, how interesting."

Su Yehao argued in all seriousness, saying:

"Who said that? A baby snake is still a snake, a baby cockroach is still a cockroach. Babies are inherently adorable, but when they grow up... they're just people all over the streets. Hopefully, the little guy will be as good-looking as his mother when he grows up."

"..."

Jiang Yu was overflowing with maternal love and was too lazy to argue with Su Yehao, continuing:

"Take the egg waffles to Nangong first. I saw her trying to do yoga today, so she must have used a lot of energy. She said she wanted to lose weight, but when she saw me eating a hamburger in the evening, she almost jumped out of bed and snatched it from my hand."

Su Yehao was about to go upstairs when he heard Jiang Yu continue to ask:

"Oh, right, a lawyer came to the door today, looking for me and Nangong to sign documents, saying that we would be members of the supervisory committee for the family charitable trust fund?"

"Yes, there are six seats in total. Besides me and my parents, there's also you, Nangong, and Nong Qingying, for life. You'll receive a salary every year, but it's not too much."

Su Yehao naturally knew about this.

He had already told Yin Liuli in advance, and could only apologize to her for now.

Yin Liuli didn't care about it. Anyway, her daughter could enjoy the dividends of the family trust, which was enough, as it was equivalent to being on the Su family's register.

The team responsible for this matter under him carefully reviewed the structure of other family trusts and borrowed from many successful experiences. In order to avoid being taken over, they specifically established this supervisory committee, which only family members could serve on, in addition to the twelve-seat board of directors.

This committee has great power. In addition to being able to reject some decisions of the board of directors, its main role is to appoint and remove members of the board of directors and manage family members.

Su Yehao spent a lot of effort on the family charitable trust fund.

On the one hand, he didn't want his descendants to be unmotivated and become playboys who do nothing but eat and wait to die. On the other hand, he was worried about being taken over by outside professional managers who control the say in the family trust fund.

After thinking about it, he had to implement the system of separation of powers.

Entrust the business management to professionals to ensure the continuation and inheritance of wealth, while family members do a good job of supervision and only enjoy the right to receive dividends on a regular basis.

With the speed of family expansion, there may be dozens of direct members of the family after four generations.

Even if descendants of the family become members of the board of directors or the supervisory committee, they will at most receive an extra salary. There is no reason to fight for power, and combined with the social supervision link, internal strife can be fundamentally eliminated.

After all, a thick set of rules and regulations for the family trust fund has almost blocked all loopholes, and the words "checks and balances" are filled between the lines.

In addition, Su Yehao still has more than half his life to slowly modify and improve it, and it has been done quite well for the time being.

As for the clause that stipulates that the right to dividends can be cancelled for violations of the rules, it requires a joint vote by the board of directors, the supervisory committee, and more than three-quarters of the family members. Unless there is really something that is hated by both gods and men, it is difficult to pass.

To put it bluntly, the significance of a family foundation is inheritance.

To give descendants a good starting point, a stable income sufficient to live a stable life, rather than directly giving them wealth.

According to the regulations of the family trust fund, all members also have the right to decide at the age of thirty whether to overdraw the dividends for the next ten years as a one-time start-up fund.

If there are really talented people with business acumen, they will also have the opportunity to receive resource inclination from the board of directors and the supervisory committee, and the probability of success will definitely be much higher than that of ordinary people.

Considering that Nangong, Jiang Yu, and the others have a lot of assets under their names, Su Yehao's children will definitely not have to worry, and the same goes for his grandchildren. Anyway, it will only last up to five generations, and there is no point in thinking too far.

From this perspective, it is really a family charitable foundation.

The estimated proportion of expenditure spent on charity is much higher than the dividends given to future generations, mainly concentrated in areas such as animal protection, environmental protection, medical research and development, and technological innovation.