Small sized business households shall make business

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Unformatted text preview: rình độ chuyên môn, kinh nghiệm trong quản lý kinh doanh hoặc trong ngành, nghề kinh doanh chủ yếu của công ty hoặc tiêu chuẩn, điều kiện khác quy định tại Điều lệ provided for in the company's charter. 2. For subsidiary companies of which the State holds shares accounting for more than 50% of the charter capital, members of their Management Board must not be related persons of managers of and persons who have competence to appoint managers of their parent company. Article 111.- Chairman of the Management Board 1. The Shareholders' Meeting or the Management Board shall elect the chairman of the Management Board as provided for in the company's charter. In case the Management Board elects its chairman, the Management Board shall elect one among its members as the chairman. The chairman of the Management Board may hold at the same time the post of director or general director, unless otherwise provided for in the company's charter. 2. The chairman of the Management Board shall have the following rights and duties: a/ To develop working programs and plans for the Management Board; b/ To prepare or organize the preparation of the agenda, contents and materials for meetings of the Management Board, convene and chair such meetings; c/ To arrange for the adoption of decisions by the Management Board; d/ To monitor the implementation of decisions adopted by the Management Board; e/ To chair sessions of the Shareholders' Meeting; f/ Other rights and duties as provided for by this Law and the company's charter. 3. Where the chairman of the Management Board is absent, another member shall be authorized by the chairman of the Management Board to exercise the rights and duties of the chairman according to the principles established in the company's charter. In cases where no member is so authorized or the chairman of the Management Board is incapable of working, other members shall elect by majo...
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