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The Director/General Director of joint stock companies under Law on Enterprise 2020 of Vietnam

The Director/General Director of joint stock companies under Article 162 Law on Enterprise 2020 of Vietnam as follows:


 

Article 162. The Director/General Director

1. The Board of Directors shall designate one of its members or hire a person as the Director/General Director.

2. The Director/General Director shall manage the company’s everyday busines operation, is supervised by and responsible to the Board of Directors Members and the law for his/her performance.

The term of office of the Director/General Director shall not exceed 05 years without term limit.

3. The Director/General Director has the following rights and obligations:

a) Decide everyday operating issues of the company that are outside the jurisdiction of the Board of Directors;

b) Organize the implementation of resolutions and decisions of the Board of Directors;

c) Organize implementation of the company’s busines plans and investment plans;

d) Propose the company’s organizational structure, rules and regulations;

dd) Designate, dismiss the company’s executives, except those under jurisdiction of the Board of Directors;

e) Decide salaries and other benefits of the company’s employees, including the executives designated by the Director/General Director;

g) Recruit employees;

h) Propose plans distribution of dividends or settlement of business losses;

i) Other rights and obligations specified by law, the company's charter, resolutions and decisions of the Board of Directors.

4. The Director/General Director shall manage the company’s everyday business in accordance with law, the company’s charter, his/her employment contract with the company, resolutions and decisions of the Board of Directors. Otherwise, the Director/General Director shall be legally responsible for and pay damages to the company.

5. The Director/General Director of a public company or state-owned enterprise prescribed in Point b Clause 1 Article 88 of this Law or a subsidiary company of a state-owned enterprise prescribed in Clause 1 Article 88 of this Law shall satisfy the following requirements:

a) He/she is not one of the persons specified in Clause 2 Article 17 of this Law;

b) He/she is not a relative of any of the executives, controllers of the company and the parent company; the representatives of state investments and the enterprise’ investment in the company and the parent company;

c) He/she has professional qualifications and experience of busines administration.

 

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HỖ TRỢ TRỰC TUYẾN

028.3620.8435 0914.190.707 0942.050.407
Giấy phép kinh doanh số : 0308929524 cấp ngày : 29/05/2009 bởi Sở Kế Hoạch và Đầu Tư TP.Hồ Chí Minh
Người đại diện: ông Thủy Ngọc Thu