Article 100. The Director/General Director and Deputy Directors/General Directors
1. The Director/General Director shall be designated or hired by the Board of Members or the company’s President under a personnel plan approved by the state ownership representative body.
2. The Director/General Director shall manage the company’s everyday business and has the following rights and obligations:
a) Organize the implementation of the company’s busines plans and investment plans and evaluation thereof;
b) Organize the implementation of resolutions and decisions of the Board of Members, company’s President and state ownership representative body and evaluation thereof;
c) Decide everyday matters of the company;
d) Issue the company’s rules and regulations after they are approved by the Board of Members or company’s President;
dd) Designate, hire, dismiss, terminate employment contracts with the company’s executives, except those within jurisdiction of the Board of Members or the company’s President;
e) Enter into contracts and carry out transactions in the company’s name, except those within jurisdiction of the President of the Board of Members or the company’s President;
g) Prepare and submit quarterly and annual reports on achievement of business targets and financial statements to the Board of Members or the company’s President;
h) Propose the distribution and use of post-tax profits and other financial obligations of the company;
k) Propose the plan for the company’s reorganization;
l) Other rights and obligations prescribed by law and the company’s charter.
3. The company may have one or several Deputy Directors/General Directors. The designation and quantity of Deputy Directors/General Directors shall be specified in the company’s charter. Rights and obligations of Deputy Directors/General Directors shall be specified in the company’s charter and their employment contracts.