What are regulations on EVN's General Director in Vietnam?

What are regulations on EVN's General Director in Vietnam?

Pursuant to Article 44 of Decree 26/2018/ND-CP stipulating the general director of EVN as follows:

1. The General Director of EVN is the legal representative of EVN; administering EVN's daily activities according to the objectives, plans and resolutions and decisions of the Board of members of EVN in accordance with the Charter of organization and operation of EVN; take responsibility before the Board of members of EVN and before the law for the implementation of assigned rights and duties.

2. The General Director of EVN is a member of the Board of members of EVN. In special cases, it shall be submitted to the Prime Minister for consideration and decision after obtaining the collective consensus of the Government's Party Personnel Committee. The General Director of EVN is planned, appointed, re-appointed, relieved of duty, resigned, transferred, rotated, rewarded, disciplined, terminated and retired after being approved by the Ministry of Industry and Trade. written agreement. The term of the General Director of EVN shall not exceed 5 years.

3. The General Director of EVN shall be dismissed in the cases specified in Clause 2, Article 40 of this Charter.

4. The General Director of EVN is dismissed from his position in the cases specified in Clause 3, Article 40 of this Charter.

What do rights and responsibilities of the General Director of EVN in Vietnam comprise?

According to Article 45 of Decree 26/2018/ND-CP stipulating rights and responsibilities of the General Director of EVN as follows:

1. Rights and responsibilities of EVN's General Director as decentralized by EVN's Board of members:

a) Decide on planning, appointment, re-appointment, hire, dismissal, resignation, transfer, rotation, reward, discipline, severance, retirement, salary and allowances for positions by hierarchy;

b) To decide on investment projects, purchase and sale of assets of EVN; plans for capital mobilization, loans, leases, leases and other contracts; plans to use capital and assets of EVN to contribute capital and buy shares of enterprises;

c) Issue internal management regulations as decentralized by the Board of members;

d) Submitting to the Board of Members of EVN for the Board of Members of EVN to submit to the Ministry of Industry and Trade or a competent state agency for decision or approval of the contents under the ownership of EVN;

dd) Submitting to EVN's Board of members for consideration and decision on matters falling within the competence of EVN's Board of members;

e) To decide on issues assigned by EVN's Board of members.

2. Develop and submit to EVN's Board of members for approval or approval to submit to competent authorities for approval the following contents: EVN development strategy; planning the development of projects in the lines and business lines of EVN and the Vietnam National Electricity Group; the long-term plan, the annual plan of EVN, the plan to coordinate production and business in the Vietnam National Electricity Group; capital mobilization and use plans; prepare investment projects, allocate resources, prepare organizational and management schemes; draft Charter, amending the Charter of organization and operation of EVN, draft Regulation on financial management of EVN, internal management regulations of EVN; formulating plans for human resource development; building and inspecting the implementation of the system of economic indicators, standards and norms - technical, product quality, wage unit price, product unit price; prepare contracts; prepare periodic reports, statistical reports, financial statements of EVN, consolidated financial statements of EVN, other schemes and projects.

3. Organize the implementation of business plans, investment plans and daily activities; business cooperation plan in the Vietnam National Electricity Group; audit, inspection, protection, decision on solutions for market development, marketing and technology and other tasks in order to effectively implement the resolutions and decisions of the Board of Members of EVN and owner ; administering activities of EVN in order to implement resolutions and decisions of EVN's Board of members.

4. Organize the implementation and evaluate the results of the implementation of resolutions and decisions of the Board of members of EVN and the agency representing the owner.

5. Organize the formulation and application of the salary scale, payroll, wage unit price or salary fund, salary payment regime for employees in accordance with law.

6. Organize the monitoring, inspection and supervision of the activities of the member units.

7. Report to the Board of members of EVN on the business results of EVN; make public disclosure of financial statements in accordance with law.

8. Sign contracts and agreements, except for cases under the authority of the Chairman of the Board of Members of EVN.

9. Request EVN Board of members to decide to appoint a Representative at another enterprise.

10. Decide to assign tasks to EVN's Deputy General Directors.

11. Decide to appoint EVN Deputy General Director, EVN Chief Accountant, EVN's staff, members of the Board of members and Supervisors (except for full-time controllers) of subsidiaries held by EVN. 100% of charter capital, Heads of affiliated units, Representatives at joint-stock companies (except for representatives under the appointing competence of the Chairman of EVN's Board of members) go abroad to work, study and deal with personal; receive individuals and foreign delegations into Vietnam to work with EVN; authorize heads of affiliated units to send officials, employees and employees of their units abroad to work, study, deal with private affairs and receive foreign individuals and delegations into Vietnam to work with your unit.

12. Recruitment of employees of EVN.

13. Prepare and submit to EVN's Board of Members quarterly and annual reports on the results of the implementation of the production and business plan objectives and annual financial statements.

14. Proposing the allocation and use of profit after tax and other financial obligations of EVN.

15. Subject to the inspection and supervision of EVN's Board of Members, Supervisors of EVN, competent state management agencies for the exercise of rights and responsibilities as prescribed by law.

16. Other rights and responsibilities as prescribed by law, this Charter and as decentralized by EVN's Board of members.

Best Regards!