Wang contributions to the event can not be ignored in the wisdom of company management.

<P> Keywords: Wang Wanke Wanke contributions of corporate contributions scandal had too many comments, but I have to say, said Wang at the first interpretation, one thing comes to corporate governance structure of large .principle, though not so pleasant to the ear, but it is justified. .Wang first look at the original: "The money donated more than 10 million business, I certainly respect that. But as chairman of the board, I think: Vanke donated 200 million is appropriate. This is not only the largest authorized by the Board .individual contributions, even greater than the amount authorized, I still think 200 million is the appropriate amount. "</ P> <P> in this passage, revealing the two messages, first of all, it donated 200 million Wang ., that he donated on behalf of Vanke, not Wang own contribution, that this behavior is behavior rather than individual acts post. .It was alleged that Wang individuals should donate more money, which I am not interested to continue the discussion, it is important that the second point, in China Vanke, the Board authorized the chairman of the largest single contribution is 200 million, Wang said the first time .The contributions, he is already within the maximum amount authorized. .This is worthy of analysis. .</ P> <P> shareholders from the public disclosure of Vanke terms of General Assembly resolutions, Vanke in 2008 to authorize the Board for the charity's budget is 10 million. .According to Wang speaking, in the snow this year, and so on, has spent 800 million, Wang announced the donation of 200 million, 10 million lines this year Vanke is the last part. .This year's time, yet more than half. .</ P> <P> should be said that Wang and contributions on the 200 million number of remarks can be discussed, but Wang in the range authorized by the Board, announced the first time the behavior of 200 million donation is proper. .Because in the general meeting of shareholders is not the case, whether or Vanke Wang Board of Directors, have no authority outside the scope of the authority, arbitrary actions the rights of shareholders, whether charitable or other reasons. .</ P> <P> According to information publicly disclosed Vanke, China Vanke chairman Wang Shi Despite his, but he held only 993,835 shares of China Vanke shares, representing approximately 0.0145% share capital of the Vanke is a .full of small shareholders. .In other words, in addition to taking 6.91 million salary each year than (in addition equity incentive income), wealth and Wang Vanke has little to do, but of all the shareholders of Vanke. .As a listed company, shareholders and the board of directors by shareholders to reflect the two institutions. .The company's important decisions, first by the Board of Directors passed a resolution by the shareholders vote and then executed. .For the resolution of the Board, when Wang Shi, chairman of the proposal although the larger right to vote in general meetings, when only 993,835 shares of its own to vote, and no additional power. .Once the general meeting of shareholders passed a resolution, the chairman Wang Shi and no powers beyond authority, discretionary shareholders. .This is a listed company's statutory principles. .Contributions during the earthquake, many multinational companies announced contributions for the first time more concentrated amount of 300 million people, are, and Vanke, the situation is similar because additional contributions have strict procedures, takes a long time. .</ P> <P> At the same time, CCTV's charity event, we see such a scenario, a company plaque reads 30 million donation to the party scene, its leaders announced that an additional 70 million are on the spot, the .move for an established listed companies can not imagine. .In a perfect state law, such acts even legal risk, because corporate shareholders money, not the chairman of the individual. .</ P> <P> Vanke such enterprises for the year, 10 million of the charity is spending more than a little in the end, this is a moral issue, and "forced" to entrepreneurs outside the scope of authorization to exercise love, but it is .a system problem. .If a company chairman to shareholders at its disposal, the interests between principal and agent coordination will be disorder. .Furthermore, there is the social basis of joint-stock companies will be shaken, this can not be alarmist. .Listed Companies in China perennial problem of the existence of the governance structure, precisely in the interests of principal and agent coordination between the lack of rigidity of the scheme. .This is the lack of long-term wealth creation ability of the company an important reason. .We can imagine if we as a stock market investor, you are willing to buy a willingness to strictly enforce the resolutions of the management team shareholders enterprise? .To that spot, or are willing to invest additional 70 million to be the leaders of the business? .</ P> <P> Therefore, the public if that Vanke contributions in the earthquake is too small, should be called Vanke board of directors held a provisional shareholders meeting, additional contributions by all the shareholders to decide Vanke, not to create impetus for public opinion, " .force "beyond the authorized Wang, hastily announced that more contributions. .The move to donate the equivalent of asking for a vault custodian's vault in his custody the property. .The management of listed companies for doing public service, donate money, of course is good, but respect for the management of the company charter, the established rules of the game in the context of the exercise of power, is also "good" or even a greater good .. .China Vanke lost because once management principles, the market lost a good company, they eventually will be unable to continuing to provide charitable contributions to society "good." .For a modern society, the need to address exactly what the rights within the law between the orderly coordination, especially not for a good, but hurt the other good. .Otherwise, good will to spend is the most evil out of the end! .</ P> </ p>.