Corporate governance
ACTIVITIES OF BOARD OF DIRECTORS
In 2019, the Board of Directors of Vietcombank organized 73 meeting sessions (in which 21 plenary sessions of BOD) and 59 sessions collecting opinions in writing to direct Vietcombank’s operation in each period, make decisions on matters within the competence of BOD and discuss other specific topics.
In 2019, The Board of Directors of Vietcombank organized
73
Meeting sessions
COMMITTEES UNDER BOARD OF DIRECTORS
Risk Management Committee
Risk Management Committee assists BOD in approving appropriate policies and directions with regard to various types of risks (credit risk, market risk, operational risk, etc.) in each period, including defining ratios, limits/ restrictions and risk appetite of the Bank.
Risk Management Committee consists of the following members:
Mr. Nguyen Manh Hung
Member of BOD
Head of Committee
Mr. Truong Gia Binh
Independent member of BOD
Member
Mr. Pham Anh Tuan
Member of BOD
Member
Mr. Nguyen My Hao
Member of BOD
Member
Mr. Eiji Sasaki
Member of BOD, Deputy CEO
Member
Ms. Dinh Thi Thai
Deputy CEO
Member
Ms. Nguyen Thi Kim Oanh
Deputy CEO
Member
Mr. Nguyen Thanh Tung
Deputy CEO
Member
Mr. Thomas William Tobin
Head of Retail Banking Division
Member
In 2019, Risk Management Committee organized 4 regular meeting sessions, coordinated with relevant divisions to build and complete Vietcombank’s regulations, advised BOD with risk management strategies, policies and preventive measures covering numerous aspects of Vietcombank’s operation.
Human Resource Committee
Human Resource Committee advises BOD with matters related to human resources, remuneration policies, salaries, bonuses and other compensation policies of Vietcombank.
After new polices on human resource management were reviewed and issued simultaneously, Human Resource Committee actively assessed and managed the staff under its competence. During the past time, the appointment and reappointment of leaders at the Head office and business units have been approved by Human Resource Committee, contributing to improve capacity and quality of staff management.
Human Resource Committee consists of the following members:
Mr. Nghiem Xuan Thanh
Chairman of BOD
Head of Committee
Mr. Pham Quang Dzung
Member of BOD, CEO
Member
Mr. Nguyen Manh Hung
Member of BOD
Member
Mr. Hong Quang
Member of BOD, Head of Human Resources Division
Member
Mr. Dang Binh Nguyen
Director of Human Resources Department
Member
All members of Board of Directors went through training programs on management
ACTIVITIES OF SUPERVISORY BOARD
Supervisory Board supervised BOD and BOM in the implementation of business orientations and objectives in 2019 of Vietcombank, which were approved by Shareholders’ General Meeting, supervising the compliance with the laws and the Bank’s Charter in management and governance. In general, in 2019, BOD and BOM well directed and managed Vietcombank’s business operations in line with the business targets. BOD and BOM complied with the provisions of the Law on Credit Institutions and the Bank’s Charter in management and governance.
INVESTOR RELATIONS
In 2019, investor relations continued to be improved and focused. Vietcombank continued to strictly follow the regulations on information disclosure, ensured timely provision of transparent information to investors. In addition, Vietcombank proactively strengthened contact with shareholders and investors through direct conversations at the head office, attendance at domestic and foreign investment conferences, frequent updates and publishing brochures and quarterly business performance updates.
RISK MANAGEMENT
In order to become a bank with the best risk management in Vietnam, Vietcombank always proactively enhances the risk management culture, pioneers in researching and applying modern credit risk management measures and models in conformity with international standards, orientations of regulatory authorities, as well as internal management needs.
