Experts discuss ways to improve corporate governance practices at the launch of the Vietnam Institute of Directors. (Source: VNA) HCM City (VNA) – The Council of the VietnamCorporate Governance Initiative (VCGI) launched the Vietnam Institute of Directors(VIOD) in Ho Chi Minh City on April 5.
The institute is seen as an important marketfoundation for Vietnam to push market reform and intensify the implementationof commitments to good corporate governance and responsible businessactivities.
Established as a social enterprise, VIOD aims to advance board professionalism,promote business ethics and transparency, build a network to connect corporateleaders and stakeholders, and help companies inspire investor confidence.
Vu Quang Thinh, Chairman of VIOD, said the institute’sobjective is to equip company directors with the right knowledge and tools toserve more effectively on boards and improve the competitiveness of Vietnamesefirms.
The institute’s board of directors comprises a diversegroup of business leaders and advocates of good corporate governance, includingsenior executives from investment funds, international legal and accountingfirms, and independence board members in prominent companies.
It is governed by a board of directors comprising ofprivate sector representatives supported by the State Securities Commission(SSC) and the Hanoi and Ho Chi Minh stock exchanges.
VIOD will hold workshops and board events ongovernance related topics. Its first training event will take place at the endof May.
The VCGI was made public in December 2016 by the HoChi Minh Stock Exchange (HOSE), the Hanoi Stock Exchange (HNX) and theInternational Finance Corporation (IFC), with the support of the SSC and theSwiss State Secretariat for Economic Affairs (SECO).
It helps enhance cooperation of stakeholders in themarket to promote the implementation of good corporate governance practices ofVietnamese businesses.
The VCGI Council was established in April 2017 with 18members who are experts in corporate governance and representatives ofmanagement agencies, organisations and businesses from the private economicsector.
Swiss Ambassador to Vietnam Beatrice Maser Mallor, whois also the SECO representative, said Vietnam is one of the priorities inSwitzerland’s economic cooperation.
SECO commits to encouraging the application of goodcorporate governance practices within the Vietnamese business circle, whilehelping local firms improve competitiveness and develop sustainably, she said.-VNA
The institute is seen as an important marketfoundation for Vietnam to push market reform and intensify the implementationof commitments to good corporate governance and responsible businessactivities.
Established as a social enterprise, VIOD aims to advance board professionalism,promote business ethics and transparency, build a network to connect corporateleaders and stakeholders, and help companies inspire investor confidence.
Vu Quang Thinh, Chairman of VIOD, said the institute’sobjective is to equip company directors with the right knowledge and tools toserve more effectively on boards and improve the competitiveness of Vietnamesefirms.
The institute’s board of directors comprises a diversegroup of business leaders and advocates of good corporate governance, includingsenior executives from investment funds, international legal and accountingfirms, and independence board members in prominent companies.
It is governed by a board of directors comprising ofprivate sector representatives supported by the State Securities Commission(SSC) and the Hanoi and Ho Chi Minh stock exchanges.
VIOD will hold workshops and board events ongovernance related topics. Its first training event will take place at the endof May.
The VCGI was made public in December 2016 by the HoChi Minh Stock Exchange (HOSE), the Hanoi Stock Exchange (HNX) and theInternational Finance Corporation (IFC), with the support of the SSC and theSwiss State Secretariat for Economic Affairs (SECO).
It helps enhance cooperation of stakeholders in themarket to promote the implementation of good corporate governance practices ofVietnamese businesses.
The VCGI Council was established in April 2017 with 18members who are experts in corporate governance and representatives ofmanagement agencies, organisations and businesses from the private economicsector.
Swiss Ambassador to Vietnam Beatrice Maser Mallor, whois also the SECO representative, said Vietnam is one of the priorities inSwitzerland’s economic cooperation.
SECO commits to encouraging the application of goodcorporate governance practices within the Vietnamese business circle, whilehelping local firms improve competitiveness and develop sustainably, she said.-VNA
VNA
