可靠股份离异夫妻董事会又双叒“开战”！殃及独董被“开除”

Core Viewpoint - The internal conflict between the founders of Reliable Co., Ltd. has escalated into a boardroom battle, highlighted by the dismissal of independent director Jing Naiquan, amid controversies surrounding the salary of second-largest shareholder Bao Jia [4][27][29]. Group 1: Boardroom Conflict - The board of Reliable Co., Ltd. voted to remove independent director Jing Naiquan, citing a loss of independence and failure to fulfill duties, with a vote of 5 in favor and 2 against [4][27]. - The conflict is primarily between founder Jin Liwei and his ex-wife Bao Jia, who has been a vocal critic of the company's governance since their divorce [4][27][39]. - Bao Jia, holding a 29.13% stake, has been involved in multiple board votes against Jin Liwei's decisions, raising concerns about governance and management practices [39][44]. Group 2: Salary Controversy - The immediate trigger for the board conflict was the controversy over Bao Jia's proposed salary of 2.43 million yuan for 2024, despite her not working for the company that year [6][29]. - The company accused Jing Naiquan of siding with Bao Jia in the salary discussions, undermining his role as an independent director [29][33]. - Bao Jia defended her salary, claiming it included a performance bonus promised by Jin Liwei, which was allegedly delayed [32][34]. Group 3: Governance Issues - The ongoing disputes have revealed deeper governance issues within Reliable Co., Ltd., including a lack of clear boundaries between family control and corporate governance [46][47]. - The company has faced scrutiny from regulatory bodies, receiving warnings for failing to disclose related party transactions in a timely manner [12][34]. - Analysts suggest that the internal strife may force the company to address its governance shortcomings and establish a more independent oversight framework [46][47]. Group 4: Company Performance - Reliable Co., Ltd. has struggled with performance since its IPO in June 2021, experiencing stagnant revenue growth and a significant decline in net profit, even reporting losses in 2022 [22][44]. - The company specializes in disposable hygiene products, particularly adult incontinence products, which have seen increased demand due to demographic changes in China [22][44].