Supervisory Board of the Private Secondary School Elected by the General Assembly of Shareholders

Supervisory Board of private intermediate schools elected by the General Meeting of Shareholders (Illustration image)

According to Article 13 of the Regulations issued together with Circular 39/2012/TT-BGDDT, it is stipulated that the Supervisory Board of private professional intermediate schools consists of 3 to 5 members elected by the General Meeting of Shareholders, in which at least one member must have expertise in accounting. Members of the Supervisory Board must be shareholders of the school, possess Vietnamese nationality, reside in Vietnam, and not be under criminal prosecution or involved in other legal violations.

Members of the Supervisory Board must not be members of the Board of Directors, the Principal, or the Chief Accountant; and should not be the parent, spouse, or child of members of the Board of Directors, the Principal, or the Chief Accountant of the school. The Supervisory Board elects one member as the Head; the term of the Supervisory Board is aligned with the term of the Board of Directors. The rights and responsibilities of the Supervisory Board include:

- Inspecting the rationality and legality of the management and operations of the school, the recording of accounting books, and financial reports;- Appraising the annual financial reports of the school; checking specific issues related to the management and operation of the school;- Regularly informing the Chairman of the Board of Directors about the results of their activities; consulting the Board of Directors on reports, conclusions, and recommendations before presenting to the General Meeting of Shareholders;- Reporting at the General Meeting of Shareholders on the activities of the school;- Proposing measures to supplement, amend, and improve the organizational structure and operation of the school;- Performing other rights and responsibilities as specified in this Regulation and the school's organizational and operational regulations;- Being accountable to the General Meeting of Shareholders, the Board of Directors, and all employees, teachers, and staff of the school concerning the contents of their reports and activities;- Having the right to request the Board of Directors, its members, the Principal, and other management staff to promptly provide complete information and documents on the activities of the school while performing their duties;- Inspecting as specified in points a and b of clause 5 of this Article must not hinder the activities of the Board of Directors or disrupt the school's operations;- In the event that the Board of Directors seriously violates the regulations in the school's organizational and operational regulations, the Supervisory Board has the right to notify the Board of Directors and convene an extraordinary General Meeting of Shareholders.

For more details, see Circular 39/2012/TT-BGDDT, effective from December 20, 2012.

Le Vy

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