Chen Huang "limited reconciliation" United States is still not clear prospect of.

<P> "Separate board of directors" of the benefit is, you can make up for inadequate care of the interests of major shareholders concerns, try to strike a balance between all the factors </ P> <P> from "Chen Huang dispute" broke out so far, about as big as the Hundred Days .The two sides finally a breakthrough in the reconciliation: 23 o'clock the night of November 10, Gome (00493.HK) announcement said: The two sides have reached a memorandum of understanding, the United States Board of Directors agreed to major shareholders and Huang Yanhong Zou Xiaochun nominated two representatives to the former .executive director, who served as non-executive directors, board members from 11 extended to 13 people. .</ P> <P> about the same time, large shareholders have also sent messages to the media, said: If the founding shareholders of appropriate representation in the Board of Directors, a founding shareholder of Gome Electrical Appliances Group will have no intention now to terminate any portion of listed and unlisted .between the internal agreement, and will continue to abide by these terms. .</ P> <P> the outside world that analysis: the country which the United States lift the spin-off alarm. .Affected by this, the country has been living low in the U.S. stock, rose 18.681 percent on the next day, to close at 3.24 Hong Kong dollars. .</ P> <P> In fact, as early as the early conflicts, we had the first analysis, said: The thing (referring to "9.28" encounter) ended before the full there is a third possibility. .That is, both words and, or all else fails. .</ P> <P> After all, if Gome terms of the current board of directors and major shareholders of limited depth, then protracted battle, Gome's outlook is bleak, and this is not conducive to major shareholders, the incumbent is not conducive to management, staff, .many investors and all stakeholders. .</ P> <P> now seems that both sides are moving in a similar direction. .Worth celebrating. .</ P> <P> However, if this connection that the two sides ironed out, help each other, then, or too early. .</ P> <P> First, competition for the foreseeable future the Board would be more intense. .Aspects of major shareholders and non-executive director appointed executive director, will continue to control the current board members with wrestling, differentiation, fights, quarrels, or inevitable. .This strategic decision will result in some slow, not decided to pull with a larger rival Suning distance. .</ P> <P>, of course, "separate board of directors" of the benefit is, you can make up for inadequate care of the interests of major shareholders concerns, try to strike a balance between all the factors involved. .</ P> <P> Second, the conflict between Chen Huang, or the terms of current management and major shareholder of the conflict, only covered by temporary concessions, while not a real solution. .And to be addressed if real, or to fundamentally consider - </ P> <P> insisted before the shareholder side, "Chen must leave," then there is no candidate for Chen's replacement? .</ P> <P> before the analysis, Zhang Zhiming can. .Yet it is said, do not agree with this arrangement the relevant aspects. .Although it also appeared Zhang Zhiming, "9.28" live, but not the evidence of his determination to return to Gome. .Moreover, Bain Capital and Gome is currently no current sign of the breakdown of senior management. .Even if the major shareholder of a strong desire to launch Zhang Zhiming, it takes time and effort, negotiation, compromise. .At a minimum, require large areas with Bain Capital shareholders to reach a new compromise. .The trouble is, before the country the United States because of Bain Capital and the current senior management of the "interests of the binding", the two sides will trust each other, or just limited to the mutual benefit based on compromise? .</ P> <P>, of course, also be a major shareholder, "style all their own," such as poaching from Suning, let the people run for Sun. .But this in turn lead to "Soviet-American" culture of conflict, and the current executives would deny the same problem. .</ P> <P> or even the majority shareholder is stronger push the other person. .But this is equivalent to the outside world and foreign investors to disclose their intentions - Huang need only a "puppet Chairman of the Board" only. .</ P> <P> Again, "Chen Huang dispute" in the infamy of the Chen bear numerous, but also do need some form of concession, not just to "Iron Man" by others. .</ P> <P> to say complex, well-known entrepreneurs or managers, the future is a difficult way. .Such as Chen, Suning or less likely to choose to go to Best Buy, and even re-start also at risk. .But with years of experience, contacts and capital, to do investment (VC, PE),'d a good choice. .However, in a struggle by the mainland netizens to denounce, Chen carrying too much, even choose to invest, take some time "to clarify what" in order to becomes highly - leave at the time of peak Gome. .Therefore, Chen may still be very motivated to bring a high degree of Gome. .</ P> <P> However, since the test of Chen will face more. .Sometimes, not even to test the strategic layout and operation, but the art of balance and compromise. .</ P>.