Retech, a company that Cheng merged one of his companies into, and for which Cheng is a co-chairman, is having some problems. According to the edits recently added by Zhanzhao (which I have removed, for reasoning below), the problems are these:
- The stock was suspended in 2022.
- In February 2023, Retech was taken to courts over its failure to repay debts citing covid complications.
- A winding-up petition (liquidation? bankruptcy?) was filed by its creditor.
- Cheng resigned his directorship in June 2023.
All of these facts are verifiable by sources.
What isn't established is whether Cheng induced, or was involved with, any of these events (save the last one of course). The presentation of the facts and ordering implies an entanglement that isn't established by the sources, treading dangerously into WP:SYNTH territory and consequently a WP:BLP violation, and we shouldn't go there.
Certainly we can say he resigned his directorship, because that's something Cheng actually did. The sources documenting the other events don't mention Cheng at all, so including them here looks like an indirect way to synthesize a conclusion that the sources don't actually say. That is why I removed ZhanZhao's addition. ~Anachronist (talk) 02:35, 4 July 2023 (UTC)
- I will agree to just list the resignation while Retech's troubles are independent (as it is not verifiable it is due to Cheng's involvement or otherwise). Justanothersgwikieditor (talk) 02:56, 4 July 2023 (UTC)
- Calvin Cheng wasn't merely a director, he was a Chairman of the directors. As clearly indicated in the World Economic Forum page https://www.weforum.org/people/calvin-cheng. This happened under his watch. To say what happend to the company when he was chairman is irrelevant or synthesis, is really wiki-lawyering it. Just like nobody would question any major happening or decision related to Tesla to be in Elon Musks' page. Zhanzhao (talk) 03:03, 4 July 2023 (UTC)
- That's a poor example as Elon Musk is the CEO of Tesla so any major decision or happening has to be decided by him. Unless it can be proved that Cheng is acting as a CEO (or similar capacity) of Retech, being chairman of directors does not mean he is directly involved in decisions made by Retech. The role of directors is to guide and direct, daily operations are still managed by the CEO or similar capacity. Justanothersgwikieditor (talk) 03:19, 4 July 2023 (UTC)
- My blushes, I forgot Musk was removed from his chairman seat a while back. But back to Calvin Cheng, him being Chairman of Directors is highly relevant. The chairman and the board's role is actually to ensures that the firm's duties to shareholders are being fulfilled by acting as a link between the board and upper management. The stock being delisted and hence affecting the shareholders comes under his direct jurisdiction. Not to mention he was the one who led the company to IPO in the first place. PS: His role also involves picking the right CEO to run the company properly, but that can be left out for now. Zhanzhao (talk) 03:57, 4 July 2023 (UTC)
- So let's say Retech's issues are caused by poor decisions by the CEO which are not guided by the board of directors, then how will this be attributed to Cheng? This is what Anachronist and I are pointing out. The troubles are caused by factors, which may or not have his involvement. The statement you made become problematic as it is not verifiable by sources that whether is it due to him. There is WP:SYNTHESIS in saying since he is the chair of the board so he must be involved which is unverifiable.
- By your logic, any Tesla's issues should not be attributable to Elon Musk since he is the CEO and not the Chairman of the board directors.
- I can accept mentioning the company stock being suspended which is the current state of the article. Justanothersgwikieditor (talk) 04:15, 4 July 2023 (UTC)
I'm traveling this week so will have limited access to Wikipedia.
What kind of director is Cheng? If independent director, then he is independent of the company's day to day business. An independent director would likely resign if there were adverse news coming out about the company he's independent of.
Why was the stock suspended? This is a common and non-controversial practice if the company is preparing to relist its stock on another exchange. I removed that sentence because the cited sources say nothing about it, although we can add it back if proper sources can be found. The current sources described instead how Retech would settle some large debts, which hardly seem relevant to this biography.
The point is that we cannot make implications that violate WP:BLP. Context matters. The context of these additions is not clear, and I don't expect to have time to investigate more fully for several days.
If the goings-on with Retech are truly attributable to Cheng, then by all means we need to include it. But this "guilt by association" POV pushing that seems evident by the way these facts are included isn't acceptable and would be a WP:BLP violation. ~Anachronist (talk) 14:04, 5 July 2023 (UTC)
- @Anachronist He was the chairman of the board of directors. That is as active as one gets in terms of directorship. Per the role of a chairman, he would be the one to authorise any voluntary delisting. There are more articles on the state of the company on Chinese media under its Chinese name 睿泰科技, and seems to be an ongoing story - I just checked and there's been a string of mass resignations so it's not a done case. I'll get back to this in the future. As an irregular editor this article is unnecessarily taking too much of my time. Zhanzhao (talk)• Zhanzhao (talk) 00:21, 8 July 2023 (UTC)
- It's original research to assume that he had an active role in these dealings or that he authorized anything simply by virtue of his position, if not explicitly stated in sources. As a counter-point, Retech's own corporate governance statement (page 6) requires the chairman to be an independent director. An independent director, according to our Wikipedia article on it, is "a member of a board of directors who does not have a material or pecuniary relationship with company or related persons." Therefore I am skeptical that Cheng had any direct involvement with the goings-on in the news at Retech. It's more likely he performs ceremonial duties like bringing meetings to order and calling for votes.
- I do agree with you about this article taking too much time, irregular or not; I'm a regular editor and have a lot of other things on my watchlist to deal with. Nevertheless, this is a biography about a living person, and WP:BLP policy requires that any statement about a living person, especially controversial statements about controversial people, be backed up solidly by reliable sources, and not by conclusions synthesized from sources. Other BLPs on my watchlist receive the same level of scrutiny. ~Anachronist (talk) 10:43, 10 July 2023 (UTC)