Regulations on the Management Board of the Vietnam Women Talents Foundation in Vietnam

Regulations on the Management Board of the Vietnam Women Talents Foundation in Vietnam (Internet image) 

Regarding this issue, LawNet would like to answer as follows:

1. Organizational structure of the Management Board of the Vietnam Women Talents Foundation

- The Fund Management Council is the Fund's management agency, acting on behalf of the Fund to decide and implement the Fund's rights and obligations; Members must have full civil capacity and no criminal record.

- The Fund Management Council has at least 03 members nominated by the Vietnam Women's Union, in case there is no nomination from the founder to establish the Fund, the Fund Management Council of the previous term elects the Fund Management Council of the next term and is recognized by the Ministry of Home Affairs.

- The term of the Fund Management Council shall not exceed 05 years.

- The Fund Management Council includes: Chairman, Vice Chairman and members.

(Clause 1 of Article 8 of the first Charter (amended) of the Vietnam Women Talents Foundation issued together with Decision 441/QD-BNV in 2023)

2. Duties and powers of the Management Council of the Vietnam Women Talents Foundation

The Fund Management Council has the following duties and powers:

- Decide on the Fund's development strategy and annual operating plan;

- Decide on solutions to develop the Fund; through loan, purchase, and sale contracts of assets valued at 500 million VND or more;

- Elect, dismiss, dismiss the Chairman, Vice Chairman, members of the Fund Management Council for recognition by competent state agencies; decide to establish the Fund Control Board; decide to appoint, dismiss, or sign and terminate the contract with the Fund Director in case the Fund Director is a person hired by the Fund; decide on the person in charge of accounting and other managers specified in the Fund Charter;

- Decide on salary, bonus, and other regimes and policies (if any) for the Chairman, Vice Chairman, members of the Fund Management Council, Director, person in charge of Fund Accounting, and people working at the Fund according to the provisions of the Fund Charter and according to the provisions of law;

- Approve the annual financial report and plans for using the Fund's assets and finances;

- Decide on the Fund's organizational structure and management according to the provisions of the law and the Fund's Charter;

- Decide to establish a legal entity under the Fund according to the provisions of law; establish branches and representative offices of the Fund according to the provisions of Article 32 of Decree 93/2019/ND-CP;

- Change name; amend and supplement the Charter for recognition by competent state agencies;

- Decide on dissolution or propose changes to the Establishment License and recognition of the Fund Charter to competent state agencies;

- Within 60 days from the date of the Decision recognizing the Fund's eligibility to operate and recognizing the Fund Management Council, the Fund Management Council is responsible for developing and promulgating: regulations on management and use of assets, finance, and spending norms of the Fund; regulate reward, discipline, and resolve feedback, recommendations, complaints, and denunciations within the Fund; regulations on working hours, employment, and use of the Fund's seal; specify the election, dismissal, and dismissal of the Chairman, Vice Chairman, and members of the Management Council; specify the appointment, dismissal, or termination of the labor contract for the Fund Director and the working regulations of the Fund Management Council and Fund Control Board; Internal regulations of the Fund are consistent with the provisions of the Fund Charter and the provisions of law.

- Other tasks and powers according to the provisions of Decree 93/2019/ND-CP and the Fund Charter.

(Clause 2 of Article 8 of the first Charter (amended) of the Vietnam Women Talents Foundation issued together with Decision 441/QD-BNV in 2023)

3. Operating principles of the Management Council of the Vietnam Women Talents Foundation

- Meetings of the Fund Management Council are convened and chaired by the Chairman of the Fund Management Council. The Fund Management Council meets regularly once a year and may hold extraordinary meetings at the request of more than 2/3 of the members of the Fund Management Council. A meeting of the Fund Management Council is valid when 2/3 of the members of the Council participate;

- Each member of the Fund Management Council has one vote. In case the number of members present at the meeting is not complete, the person chairing the meeting of the Fund Management Council shall request written opinions; Written opinions of absent members are as valuable as those of members present at the meeting;

- Decisions of the Fund Management Council are approved when at least 2/3 of the members vote in favor.

(Clause 3 of Article 8 of the first Charter (amended) of the Vietnam Women Talents Foundation issued together with Decision 441/QD-BNV in 2023)

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