Standards and Conditions for Acting as a Member of the Board of Management
Standards and Conditions for Acting as a Member of the Board of Management
1. Members of the Board of Management must satisfy the following standards and conditions:
(a) Have full capacity for civil acts, and not belong to the category of persons prohibited from managing an enterprise pursuant to this Law;
(b) Being an individual shareholder who owns at least five per cent of the total number of ordinary shares or be another person with professional expertise and experience in business management or in the line of business which is the basic business of the company or satisfy other standards and conditions as stipulated in the charter of the company.
2. In the case of a subsidiary company which is a company in which the State owns a total number of shares worth more than fifty (50) per cent of the charter capital, a member of the Board of Management may not be a person related to a person managing or a person with the authority to appoint managers of the parent company.
- 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
