Responsibilities and Duties of the Board of Directors in a Public Company
Based on Article 278 of Decree 155/2020/ND-CP stipulating the responsibilities and obligations of the Board of Directors in a public company as follows:
The Board of Directors must fully comply with the responsibilities and obligations as stipulated by the Law on Enterprises, the company's Charter, and the following responsibilities and obligations:
Be accountable to the shareholders for the activities of the company.
Treat all shareholders equally and respect the interests of those with rights related to the company.
Ensure that the company's activities comply with the provisions of the law, the company's Charter, and internal regulations.
Develop Regulations on the operation of the Board of Directors for submission to the General Meeting of Shareholders for approval and to be published on the company's website. The Minister of Finance provides guidance on the template for the Board of Directors’ operating regulations for public companies to refer to when developing their Board operating regulations.
Supervise and prevent conflicts of interest among members of the Board of Directors, members of the Supervisory Board, the CEO (Director), and other managers, including the misuse of company assets and the abuse of transactions with related parties.
Develop internal regulations on corporate governance and submit them to the General Meeting of Shareholders for approval as stipulated in Article 270 of this Decree.
Appoint a person in charge of corporate governance.
Organize training and workshops on corporate governance and necessary skills for members of the Board of Directors, the CEO (Director), and other managers of the company.
Report on the activities of the Board of Directors at the General Meeting of Shareholders.
Sincerely!
