On 06/6/2017, the Government issued Decree 71/2017 / ND-CP on corporate governance applicable to public companies.
Accordingly, the structure of the Board of Directors in addition to ensure the balance between members with knowledge and experience in law, finance and business activities of the company also consider factors About gender.
At the same time, the membership of the Board changes compared with the current regulations as follows:
- From 01/8/2020, the Chairman can not concurrently hold the position of Director (General Director) of the same 01 public company (currently allowed if approved annually at the General Meeting of Shareholders Annual);
- From 01/8/2019, a member of the board of a public company can not concurrently be a member of the board of directors at more than 05 other companies.
Decree 71/2017 / ND-CP is effective from 01/8/2017.
Source: Hoai Thuong (thuvienphapluat.vn)
- Creating favorable environment and conditions for business households to volunteer to form cooperative organizations or operate under the enterprise model.
Resolution 10 / NQ-TW was signed by Secretary-General Nguyen Phu Trong on 03/3/2017.
Source: Hong Phuong (thuvienphapluat.vn)