Responsibilities of the Director in a Joint Stock Company

Based on Article 165 of the Law on Enterprises 2020, the regulations are as follows:

Members of the Board of Directors, the Director or General Director, and other managers have the following responsibilities:

- Exercise the rights and perform the duties assigned in accordance with this Law, other relevant legal provisions, the company charter, and the resolutions of the General Meeting of Shareholders;

- Execute the assigned rights and duties honestly, prudently, and in the best manner to ensure the maximum legitimate interests of the company;

- Be loyal to the interests of the company and shareholders; do not abuse their position, authority, or use the company’s information, secrets, business opportunities, and other assets for personal gain or to serve the interests of other organizations or individuals;

- Promptly, fully, and accurately notify the company about the information specified in Clause 2, Article 164 of this Law;

- Other responsibilities as stipulated by this Law and the company charter.

The above outlines the responsibilities of the director in their role as a manager of a joint-stock company according to the regulations of the Law on Enterprises.

Best regards!