The Man in Power After Being Married into Her Family novel Chapter 4343

She knew that she should really be tougher and uphold her authority as the head of the family especially now.

It was just that she was fighting against the entire board of directors alone, which made her feel more or less nervous and uneasy. She did not know exactly where to start.

At this time, Charlie spoke up and said, "In my impression, shares and voting rights are in equal proportions. If one person holds 10% of shares, he would have 10% voting rights, and if one person holds more than 51% of the shares, his voting rights would also be 51%. In theory, he would be the majority shareholder with absolute control, then. Am I right?"

Kathleen hurriedly said, "Yes, Mr. Wade, that's right."

Charlie added, "But for many large groups, due to the large number of businesses, many shareholders, and also the public offering of shares, the dilution of equity is great, and in many large groups, the single largest shareholder might only be holding 20% to 30% of the shares, right?"

"That’s right." Kathleen said truthfully," This is the case for most public listed companies. Take Apple, which has a market value of more than two trillion US dollars, as an example. The largest shareholder, Pioneer Group, only holds about 7% of the shares."

Charlie then said, "So, in this case, it is necessary to implement the AB shares system and take away the shareholders’ voting rights without depriving them of their shares. Even if you cannot achieve absolute control of more than 51%, it is still necessary for you to have at least 51% of voting power in your hands to ensure that no one else can shake your foundation."

Having said that, Charlie added, “You have to remember that today is the day that those shareholders will be most afraid of you. So, no matter what it is, you will have to make them pay the price. After today, their fear of you will lessen no matter what it is, and so, you'll have to seize this opportunity."

Kathleen was enlightened when she heard this.

Charlie was right. The current board members would definitely be like suspects who had committed crimes and were waiting to be sentenced.

They were all prepared to receive their punishment. If she did not take this opportunity to suppress them, they would definitely have a feeling of impunity after today.