Decree 19/2014/ND-CP: Powers of the Board of Members

According to Decree 19/2014/ND-CP, the Members' Council has the authority to decide on capital contribution, holding, increasing, or decreasing the capital of the Company in other enterprises, and the acceptance of subsidiaries and affiliates, after proposing and obtaining approval from the Company’s owner.

In addition to the aforementioned powers, the Members' Council also has the following powers and responsibilities:

- Decide on the Company's business strategy, production and business plans, and 5-year development investment plan after proposing and obtaining approval from the Company’s owner.- Decide on the annual production and business plans and development investment plans, and send decisions to the Company’s owner for synthesis and supervision.- Propose to the Company’s owner the appointment, re-appointment, dismissal, resignation, commendation, and discipline of the Chairman and members of the Members' Council or the Chairman of the company, and the General Director (Director) of the company.- Decide on the appointment, re-appointment, dismissal, resignation, contract signing, termination of contract, commendation, and discipline of Deputy General Directors (Deputy Directors), and Chief Accountant as proposed by the General Director (Director).- Appoint and assign tasks to the Representative of the Company's capital contribution in other enterprises as stipulated in Clause 4, Article 20, Clause 4, Article 29 of Decree 99/2012/ND-CP.- Decide or authorize the General Director (Director) to decide on investment projects, loan contracts, lending, buying, or selling assets as prescribed by this Charter and relevant laws.- ...

More details can be found in Decree 19/2014/ND-CP effective from April 29, 2014.

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE