Category Archives: Blog

LISTING SHARES OF PUBLIC COMPANIES AFTER CONSOLIDATION, MERGER, DIVISION, SEPARATION AND OTHER CASES

Listed shares Listed shares are a class of shares eligible for listing, which are shares issued by joint-stock companies, which have been listed on the stock market. Those shares have been subjected to the stock exchange’s strict inspection system and it has qualified to meet the trade. Conditions for listing shares for post-consolidation public companies – In…

ESTABLISHMENT OF COMMITTEES UNDER THE BOARD OF DIRECTORS.

Sub-committees of the Board of Directors in a public company – Pursuant to the provisions of Article 31 Section VII of Appendix I promulgated together with Circular 116/2020/TT-BTC, the sub-committees of the Board of Directors in public companies are as follows: “1. The Board of Directors may establish subcommittees to take charge of development policies,…

TRANSACTIONS WITH RELATED PARTIES IN A PUBLIC COMPANY

Transactions with shareholders, business managers and related persons A public company may not provide loans or guarantees to shareholders who are individuals and related persons of such shareholders who are individuals, unless the public company is a credit institution. A public company may not provide loans or guarantees to institutional shareholders and their related persons…

INDEPENDENT BOARD MEMBER

The Board of Directors plays an important role as the nuclear authority in a joint-stock company. This is the management body, which has the right on behalf of the company to decide and exercise the rights and obligations of the company. Play a decisive role in defining strategic objectives, while securing the financial resources and personnel needed…

PUBLIC COMPANY INTERNAL CONTROL SYSTEM

Internal control is the creation and implementation of mechanisms of financial activities in the company by applying established procedures, regulations, regulations to improve the operational efficiency of the enterprise. This internal control system will monitor all aspects from employees to departments and systems of the business to minimize risks and limit the loss of company assets….