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Alibaba Group President Jack Ma delivers a speech at the 2018 Alibaba Xin Philanthropy Conference on September 5, 2018 (photo of VCG / VCG via Getty Images)
Earlier today (Monday), Jack Ma taught again. Professor Ma, as he is affectionately known in Alibaba, has provided a blueprint for succession and corporate governance. Ma has written to his clients, his Alibaba colleagues and Alibaba shareholders to inform them of the delivery of Alibaba 's chairman' s role to CEO, Daniel Zhang, within a year. What is very important to note here, is that Ma did not choose a member of his family to succeed him but chose Daniel Zhang according to his merit and his business acumen. Asian companies traditionally use hereditary succession, but Alibaba has shown the way forward for global companies. This ensures the continued growth of staff and businesses, as these people benefit primarily from their experience and training to continue to generate profits for businesses.
Alibaba will just go from the front
If you've read the press in the last 4 days, it seems that Alibaba will experience staff movements and that the turbulence will be due to the fact that Jack Ma left Alibaba in a year. Early investors like GGV Capital think everything will be fine.
The truth is that Alibaba has created a business structure that provides succession planning seamlessly over the last 10 years. Alibaba has two very important governance structures that ensure that roles are clearly defined and visibility is ensured in all areas of activity. Its management team is headed by CEO Daniel Zhang. Zhang, Joe Tsai and Maggie Wu are the three leaders who are the votes behind Alibaba's quarterly earnings appeals. This management team is primarily responsible for the daily operations of Alibaba. Note that I did not mention Jack Ma. Ma has not been actively involved in daily operations for five years, so investors have to some extent known Alibaba without Ma being at the helm. In Ma's letter, he mentions that Zhang led Alibaba in a period of steady and sustainable growth for 13 consecutive quarters.
Ma will work with Daniel Zhang for the next 12 months to ensure a smooth transition to Alibaba. It is very important to note that Alibaba has done everything to inform its shareholders and make sure that this whole process is not a potential pitfall.
The Alibaba partnership
Alibaba 's partnership is Alibaba' s most powerful engine for generations. The partnership was launched in 2010 to "maintain this spirit of partnership and ensure the sustainability of our mission, vision and values". First, some important points to remember about the partnership; it was designed to ensure the survival of Alibaba's mission, culture and values far beyond any individual. As an outside, it is clear to me that trust, community and diversity are important for the company. Jack Ma is a lifetime member of the Alibaba partnership and will continue to play an important role in creating future policies and projects for the company with other partners.
The Alibaba Partnership nominates and votes new partners each year based on their experience, their leadership and if they carry the culture of the company. The Alibaba partnership currently has 36 members from all parts of the Alibaba ecosystem, 33% of the members are female leaders. This group is the talent pool for Alibaba's leadership and contains a higher than average number of female female leaders.
The Partnership plays an important role for the CEO and the President because of its role on the Board. The partnership has the right to appoint (but not to elect) the simple majority of the members of the Alibaba Group Board of Directors. This means that when it comes to choosing a new executive chairman, the directors appointed by the partnership have a thorough knowledge of the leader's leadership style, operational abilities and character. This contrasts with the way most public companies manage estates. There is a search for talent that often does not emphasize culture and values. And the board members, who do not have a complete picture or the first: Alibaba Partnership also provides a first-hand experience with the candidates, makes the final choice, that there is a class of shares, unlike to Google.
Alibaba is a leader in governance and succession planning
There is this perception that Chinese companies are followers, but in the case of governance and succession planning, this clearly shows us the future. Can you name the successors on Amazon, JD.com or eBay in case something happens to Jeff Bezos, Richard Liu or Devin Wenig? Honestly, I do not know which executives are led by these companies to take over if something should happen to their founder or CEO.
The partnership with Alibaba has 36 members for one reason: to ensure that these Alibaba members can report and discuss all parts of the business. It's refreshing to see a business relying on a diverse group of people involved in running a complex, large-scale business.
In summary, a Chinese giant based in Hangzhou, China, which was founded by a teacher, has provided the business sector with an unparalleled solution for managing corporate governance and succession of executives in a unique way. new and refreshing.
If you want to see what's happening in global e-commerce, subscribe to my newsletter which is sent on Sundays to e-commerce executives around the world.
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Alibaba Group President Jack Ma delivers a speech at the 2018 Alibaba Xin Philanthropy Conference on September 5, 2018 (photo of VCG / VCG via Getty Images)
Earlier today (Monday), Jack Ma taught again. Professor Ma, as he is affectionately known in Alibaba, has provided a blueprint for succession and corporate governance. Ma has written to his clients, his Alibaba colleagues and Alibaba shareholders to inform them of the delivery of Alibaba 's chairman' s role to CEO, Daniel Zhang, within a year. What is very important to note here, is that Ma did not choose a member of his family to succeed him but chose Daniel Zhang according to his merit and his business acumen. Asian companies traditionally use hereditary succession, but Alibaba has shown the way forward for global companies. This ensures the continued growth of staff and businesses, as these people benefit primarily from their experience and training to continue to generate profits for businesses.
Alibaba will just go from the front
If you've read the press in the last 4 days, it seems that Alibaba will experience staff movements and that the turbulence will be due to the fact that Jack Ma left Alibaba in a year. Early investors like GGV Capital think everything will be fine.
The truth is that Alibaba has created a business structure that provides succession planning seamlessly over the last 10 years. Alibaba has two very important governance structures that ensure that roles are clearly defined and visibility is ensured in all areas of activity. Its management team is headed by CEO Daniel Zhang. Zhang, Joe Tsai and Maggie Wu are the three leaders who are the votes behind Alibaba's quarterly earnings appeals. This management team is primarily responsible for the daily operations of Alibaba. Note that I did not mention Jack Ma. Ma has not been actively involved in daily operations for five years, so investors have to some extent known Alibaba without Ma being at the helm. In Ma's letter, he mentions that Zhang led Alibaba in a period of steady and sustainable growth for 13 consecutive quarters.
Ma will work with Daniel Zhang for the next 12 months to ensure a smooth transition to Alibaba. It is very important to note that Alibaba has done everything to inform its shareholders and make sure that this whole process is not a potential pitfall.
The Alibaba partnership
Alibaba 's partnership is Alibaba' s most powerful engine for generations. The partnership was launched in 2010 to "maintain this spirit of partnership and ensure the sustainability of our mission, vision and values". First, some important points to remember about the partnership; it was designed to ensure the survival of Alibaba's mission, culture and values far beyond any individual. As an outside, it is clear to me that trust, community and diversity are important for the company. Jack Ma is a lifetime member of the Alibaba partnership and will continue to play an important role in creating future policies and projects for the company with other partners.
The Alibaba Partnership nominates and votes new partners each year based on their experience, their leadership and if they carry the culture of the company. The Alibaba partnership currently has 36 members from all parts of the Alibaba ecosystem, 33% of the members are female leaders. This group is the talent pool for Alibaba's leadership and contains a higher than average number of female female leaders.
The Partnership plays an important role for the CEO and the President because of its role on the Board. The partnership has the right to appoint (but not to elect) the simple majority of the members of the Alibaba Group Board of Directors. This means that when it comes to choosing a new executive chairman, the directors appointed by the partnership have a thorough knowledge of the leader's leadership style, operational abilities and character. This contrasts with the way most public companies manage estates. There is a search for talent that often does not emphasize culture and values. And the board members, who do not have a complete picture or the first: Alibaba Partnership also provides a first-hand experience with the candidates, makes the final choice, that there is a class of shares, unlike to Google.
Alibaba is a leader in governance and succession planning
There is this perception that Chinese companies are followers, but in the case of governance and succession planning, this clearly shows us the future. Can you name the successors on Amazon, JD.com or eBay in case something happens to Jeff Bezos, Richard Liu or Devin Wenig? Honestly, I do not know which executives are led by these companies to take over if something should happen to their founder or CEO.
The partnership with Alibaba has 36 members for one reason: to ensure that these Alibaba members can report and discuss all parts of the business. It's refreshing to see a business relying on a diverse group of people involved in running a complex, large-scale business.
In summary, a Chinese giant based in Hangzhou, China, which was founded by a teacher, has provided the business sector with an unparalleled solution for managing corporate governance and succession of executives in a unique way. new and refreshing.
If you want to see what's happening in global e-commerce, subscribe to my newsletter which is sent on Sundays to e-commerce executives around the world.
