After the period 2011-2015 of BOD and BOS in HODECO, annual meeting of shareholders for 2016 will be implemented to appoint Members of BOD and BOS for 2016-2020.
According to charter of HODECO about nomination, appointment for BOD and BOS, it must be complied with follows:
Articles 23.2: Participants and period of members of BOD (charter)
Voting shareholders are able to accumulate voting rights to vote for members of BOD within consecutive 6 months at least. Voting shareholders or group of shareholders with 5% to 10% of shareholding are able to vote for a member within consecutive 6 months at least; those who with 10%-30% of shareholding are able to vote two members, those who with 30%-50% are able to vote three members, those who with 50% to 65% are able to vote 4 members and those who with 65% above are able to vote all members.
Article 18.3: Criteria and conditions to be member of BOD (article 151 of Corporate laws)
Member of BOD must have following conditions and criteria:
- Have full citizenship capabilities, not belong to non-regulated corporations according to Item 2 Article of Corporate Laws;
- Have expertise, management experience in business management and unnecessarily shareholder of the company.
- Member of BOD can be member of BOD in other companies.
Article 21.1: Board of Supervisors.
Voting shareholders are able to accumulate voting rights to vote for members of BOD within consecutive 6 months at least. Voting shareholders or group of shareholders with 5% to 10% of shareholding are able to vote for a member within consecutive 6 months at least; those who with 10%-30% of shareholding are able to vote two members, those who with 30%-50% are able to vote three members, those who with 50% to 65% are able to vote 4 members and those who with 65% above are able to vote all members.
Article 164: Criteria and conditions for Board of Supervisors (Corporate Laws)
Member of Board of Supervisors must have following criteria and conditions:
- Have full citizenship behaviors and not belong to restriction group for company establishment and management in this regulation.
- Is not spouse, blood father, god father, blood mother, god mother, blood kid, god kid, blood siblings of member of BOD, General Director or other Managers;
- Is not allowed to hold management position in the company; unnecessarily a shareholder or employee of the company, except for regulated in the company’s charter;
- Other standards and conditions in Laws regulation and company charter.
Note: Voting shareholders are allowed to vote within consecutive 6 months at least up to 17/3/2016 (final date of attendance registration for annual meeting of 2016)
If shareholders and group of shareholders satisfy all above criteria and conditions and would like to appoint member of BOD and BOS, please send application of candidate as attached to annual meeting organizers for 2016 (Mr. Nguyen Quang Dat) by 17:00 on 31/3/2016 as below address:
Over the above time, if annual meeting organizers haven’t received any nomination, it is considered that shareholders hadn’t voted for members of BOD and BOS. BOD and BOS will consider who have full conditions and standards to be member of BOD for new period.
Click to download.
– Nomination application for member of BOD
