Obligations of managers of the company
Obligations of managers of the company
1. The Board of Management, the director or general director and other managers shall have the following obligations:
(a) To exercise their delegated powers and perform their delegated duties in accordance with this Law, relevant laws, the charter of the company, resolutions of the general meeting of shareholders;
(b) To exercise their delegated powers and perform their delegated duties honestly, diligently to their best in the interests of the company and of shareholders of the company;
(c) To be loyalty to the interest of the company and shareholders; to not use information, know-how, business chances of the company, not to abuse their position and powers or to use assets of the company for the personal benefit of themselves or other organizations and persons; ;
(d) To timely, fully and correctly notice to the company of enterprises and related persons thereof who owners are or who own contributed capital, majority shares; this notice shall be displayed at the head office and branches of the company.
2. In addition to obligations stipulated in clause 1 of this article, the Board of Management and director or general director shall not increase salary and pay bonus where the company has not paid in full all the debts due and payable.
3. Other obligations in accordance with this Law and the charter of the company.
- Contact directly at the following address:
Daiviet Law Firm
Daiviet Notary Office
No. 335 Kim Ma Street - Ba Dinh District - Hanoi- Vietnam
Tel: (84-4) 37478888/ Hot-line: 0933 668 166
Fax: (84-4) 37473966
