According to Huawei, they are a private company that is 100% owned by its own employees. It was founded in 1987 with a capital of 21,000CNY by Huawei CEO, Ren Zhengfei, with five other investors.
The organisation has implemented an Employee Shareholding Scheme and as of 2018, the company has 96,768 shareholding employees. They emphasised that the scheme is only limited to employees and there’s no participation from government agencies or outside organisation. The current employees own 88.94% of the company, followed by 10.05% owned by retired or restructured shareholding employees. Ren Zheng Fei is mentioned as the company’s “natural person shareholder” with a 1.01% stake but his investment accounted for 1.14% of Huawei’s total share capital.
The management of the company follows a collective leadership model and the company claims that it isn’t tied to a single individual. As illustrated below, the shareholding employees are given voting rights to elect a representative commission. The 115 elected representatives which comprise of various departments will then elect the Board of Directors as well as the Supervisory Board.
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