The company’s President

Article 80. The company’s President

bookkeeping-vinasc31. The company’s President is designated by the owner. The company’s President, on behalf of the company’s owner, shall perform rights and obligations of the company’s owner and the company, except for rights and obligations of the Director/General Director; take legal responsibility to the company’s owner for the fulfillment of rights and obligations in accordance with this Law, relevant regulations of law, and the company’s charter.

2. Rights, obligations, and working relationship between the company’s President and the company’s owner shall comply with the company’s charter, this Law, and relevant regulations of law.

3. A decision of the company’s President’s on performance of rights and obligations of the company’s owner is effective from the day on which it is ratified by the company’s owner, unless otherwise prescribed by the company’s charter.

Article 81. Director/General Director

1. The Board of members or the company’s President shall designate or hire Director/General Director, the term of office of whom does not exceed 05 years, to administer the company’s everyday business operation. The Director/General Director is legally responsible to the Board of members or the company’s President for fulfillment of his/her rights and obligations. The Chairperson of the Board of members, other members of the Board of members, or the company’s President may concurrently hold the position of Director (General Director), unless otherwise prescribed by law or the company’s charter.

2. The Director/General Director has the following rights and obligations:

a) Organize the implementation of decisions of the Board of members or the company’s President;

b) Decide the issues related to the company’s everyday business operation;

c) Organize the implementation of the company’s business plans and investment plans;

d) Promulgate the company’s rules and regulations;

dd) Designate, dismiss the company’s managers, except for those under the management of the Board of members or the company’s President;

bookkeeping-vinasc1e) Sign contracts on behalf of the company, except for those within the competence of the Chairperson of the Board of members or the company’s President;

g) Propose organizational structure plan;

h) Submit annual financial statements to the Board of members or the company’s President;

i) Propose plans for use of profits or loss settlement;

k) Hire employees;

l) Perform other rights and obligations prescribed in the company’s charter, employment contract between Director/General Director and the Chairperson of the Board of members or the company’s President.

3. The Director/General Director must:

a) be legally competent and not be any of the persons mentioned in Clause 2 Article 18 of this Law;

b) has qualifications and actual experience of the company’s administration, unless otherwise prescribed by the company’s charter.