Remuneration, salary and other benefit of members of the Board of Management, the director or the general director
Remuneration, salary and other benefit of members of the Board of Management, the director or the general director
1. The company is entitled to pay remuneration, salary to members of the Board of Management, director or general director and other managers based on the business result and efficiency.
2. Where the charter of the company does not stipulate, the numeration, salary and other benefit of members of the Board of Management, the director or general director shall be paid according to the following regulations:
(a) Member of the Board of Management shall be entitled to remuneration and bonus. Remuneration for work shall be calculated on the basis of the working days which are necessary to fulfil the obligation of the member of the Board of Management and the remuneration per day. The Board of Management shall estimate/calculate the remuneration for each member on the principle of unanimity. The total amount of remuneration for the Board of Management shall be decided by the general Board of Management at the annual meeting;
(b) Member of the Board of Management shall be entitled to the payment for the expenses on bill, accommodation, travel and other proper expenses they have spent in order to fulfil delegated obligations;
(c) The director or general director shall be entitled for salary and bonus. The salary of the director or general director shall be decided by the Board of Management.
3. The remuneration of members of the Board of Management and the salary of the director or general director and other managers shall be calculated in the business operation expenses of the company in accordance with laws on the corporate income tax and shall be presented in a separate item of the annual financial statements of the company and shall be reported to the general meeting of shareholders at the annual meeting.
- Contact directly at the following address:
Daiviet Law Firm
Daiviet Notary Office
No. 335 Kim Ma Street - Ba Dinh District - Hanoi- Vietnam
Tel: (84-4) 37478888/ Hot-line: 0933 668 166
Fax: (84-4) 37473966
