The Control Board of private schools in Vietnam must have at least 1 member proficient in accounting

The Control Board of private schools in Vietnam must have at least 1 member proficient in accounting (Internet image) 

Article 12 of Circular 13/2011/TT-BGDDT stipulates the Control Board of private schools in Vietnam as follows:

1. The Control board of a private school shall be established by the Board of Directors, consist of 3 through 5 members, including representatives of contributing partners, teachers, employees, and parents of students. The Control board must have at least one member proficient in accounting. The Chief of the Control board shall be elected directly by the Board of Directors.

2. The Controller may not concurrently hold the position of the member of the Board of Directors, the Principal or the Chief accountant; may not be the parents, spouses, or children of the member of the Board of Directors, the Principal, and the Chief accountant.

3. The term office of the Control board is as long as the term office of the Board of Directors.

4. The Control board has following rights and duties:

- Inspect and observe the operation of the school, the Board of Directors, the school administrator board and units and organizations in the school.

- Inspect and observe all financial activities of the school and carry out the public financial regime.

- Send their regular notifications of operation results and reports, decisions, requests to the Board of Directors before they are ratified at the General meeting of contributing partners.

- Send reports on results of inspection and observation of operation of the school to the General meetings of contributing partners.

- Exercise other rights and fulfill other obligations as prescribed in the Regulation on organization and operation of the school.

More details can be found in Circular 13/2011/TT-BGDDT, which comes into force from May 15, 2011.

Thuy Tram

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