Standards and Conditions for Supervisors in SCIC

The Supervisory Board is part of the management and operation structure of SCIC. To become a supervisor, one must meet the following standards and conditions:

- Have full civil act capacity and not fall under the categories stipulated in Clause 2, Article 18 of the Law on Enterprises;- Be trained in one of the fields of finance, accounting, auditing, law, business administration, and have at least 3 years of work experience. The Head of the Supervisory Board must have at least 5 years of work experience related to the trained fields of finance, accounting, auditing, law, and business administration;- Not be an employee of SCIC;- Not be the spouse, biological parent, adoptive parent, biological child, adoptive child, sibling, brother-in-law, sister-in-law, sister-in-law, or brother-in-law of the following individuals:- The head, deputy head of the representative agency of SCIC;- A member of the SCIC Member Council;- The Deputy General Director and Chief Accountant of SCIC;- Other supervisors of SCIC.- Not concurrently hold the position of Director or General Director of another enterprise;- Not concurrently be a supervisor, member of the Member Council, or member of the Board of Directors of an enterprise that is not a state-owned enterprise;- Meet other standards and conditions prescribed in relevant legal documents and this Charter.

The SCIC Supervisory Board consists of 3 Supervisors appointed by the Minister of Finance with a term of 3 years and can be reappointed, but each individual can only be appointed as a supervisor at SCIC for no more than 2 terms.

The appointment, reappointment, dismissal, commendation, discipline, and performance evaluation of Supervisors shall comply with the provisions of law and this Charter.

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