Director/General Director

Article 99. Director/General Director

accounting-services-in-vietnam11. The Director/General Director shall be designated by the Board of members or the company’s President, or hired according to a personnel plan approved by the representative agency.

A company shall have one or some Deputy General Director/Deputy General Director. The quantity of Deputy Director/Deputy General Director, the power to designate Deputy General Director/Deputy General Director shall be specified in the company’s charter. Rights and obligations of the Deputy Director/Deputy General Director shall be specified in the company’s charter or employment contract.

2. The Director/General Director shall run the company’s everyday operation and has the following rights and obligations:

a) Organize the implementation of the company’s business plans and investment plans and assess the results thereof;

b) Organize the implementation of Resolutions of the Board of members, the company’s President, and the representative agency; assess the result thereof;

c) Decide the company’s everyday tasks;

d) Promulgate the company’s rules and regulations, which have been approved by the Board of members or the company’s President;

dd) Sign contracts, agreements on behalf of the company, except for those within the competence of the Chairperson of the Board of members or the company’s President;

accounting-services-in-vietnam2e) Designate, hire, dismiss, discharge from duty, terminate employment contracts with the company’s managers, except for those under the management of the Board of members or the company’s President;

g) Hire employees;

h) Make and submit quarterly, annual reports on achievement of business targets, annual financial statement to the Board of members or the company’s President;

i) Propose restructuring plan where necessary;

k) Propose distribution and use of post-profit and other financial obligations of the company;

l) Perform other rights and obligations prescribed by law and the company’s charter.