Information appeared that shareholders demanded the new chairman’s dismissal, the bank denied it
In the market today, information appeared about the new Chairman of the Board of Directors Eximbank is Ms. Do Ha Phuong who was asked to be dismissed 2 days after being elected.
Mrs. According to information, Mr. Tran Hoang Ninh, representing a group of shareholders, sent to the Eximbank Board of Directors a request to withdraw the nomination to dismiss Ms. Do Ha Phuong. Previously, Ms. Phuong was nominated by this group of shareholders to join the Board of Directors for the 2020-2025 term. .
The information in the document allegedly signed by Mr. Ninh said that after being nominated, Ms. Do Ha Phuong showed signs of abusing shareholders’ trust for personal gain.< /p>
This group believes that Ms. Phuong arbitrarily invited a meeting of the Board of Directors to vote to elect the Board of Directors to dismiss the chairman and other votes on June 28 without the consent of the shareholder group.
This group agreed to notify the Board of Directors of the Board of Directors and the General Director of Eximbank of the termination of nomination authorizations and proposed to withdraw Ms. Do Ha Phuong from the bank’s Board of Directors.
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Eximbank has issued a statement on the above issue.
According to the bank, up to the time when information appeared on the market about Mr. Ninh’s group demanding the dismissal of new Chairman of the Board of Directors Do Ha Phuong, the bank had not yet received Mr. Tran Hoang Ninh’s application to return. Termination of nomination authorizations and proposal to withdraw Ms. Do Ha Phuong from the Board of Directors.
According to Eximbank’s information review, it shows that the group of shareholders that nominated Ms. Do Ha Phuong to the bank’s Board of Directors for the 2020-2025 term does not include Mr. Tran Hoang’s name. Ninh.
At the same time, the bank confirmed that the order of holding the Board of Directors meeting related to the dismissal of former Chairwoman Ms. Luong Thi Cam Tu and the election of Ms. Do Ha Phuong as Chairman Citizenship means complying with the provisions of the law, charter and internal regulations of the bank.
5 years, 5 presidents
In the past 5 years, the position of Eximbank’s chairman has changed hands many times, even in a short time due to persistent conflicts between shareholder groups.
From 2019 until now, the position of Eximbank chairman has been transferred back and forth. At the first appointment of Ms. Luong Thi Cam Tu in March 2019, the ink had not yet dried on the decision, but it was met with controversy when Mr. Le Minh Quoc – who was the previous Chairman – sued. The court then proposed to stop this appointment.
In May 2019, Eximbank continued to issue a Resolution on electing Mr. Cao Xuan Ninh – Member of the Board of Directors to hold the position of Chairman. But after just over a month, Mr. Ninh resigned due to internal conflicts and disagreements among shareholders.
By June 2020, Eximbank’s Board of Directors approved Mr. Cao Xuan Ninh’s resignation from his position. Chairman according to personal wishes and at the same time approved the election of Mr. Yasuhiro Saitoh – who was then holding the position of Vice Chairman to the position of Chairman of the Board of Directors.
Mr. Yasuhiro Saitoh held the position of Chairman until April 2021 when the bank issued two consecutive resolutions in one day on dismissing and then re-electing the position of Chairman of the Board of Directors for Mr. Yasuhiro Saitoh.
By July 2021, a group of shareholders gathered to dismiss a series of personnel including Mr. Yasuhiro Saitoh. At the same time, this group elected Ms. Do Ha Phuong to the Board of Directors.
In February this year, at the 2nd annual general meeting of shareholders in 2021, Ms. Luong Thi Cam Tu was elected Chairwoman of the Board of Directors at the rate of more than 62% votes with the support of Joint Stock Company Securities Bao Minh and 6 other individual shareholders. This is the only face in the old term of the Board of Directors elected to the new term of the Board of Directors.
Ms. Tu held her seat until the evening of June 28. The latest president to replace Ms. Luong Thi Cam Tu is Ms. Do Ha Phuong. But just 2 days after Ms. Phuong was in office, the market heard news that the new chairman was asked to be dismissed by shareholders.
On June 30, the Banking Supervision and Inspection Agency (State Bank) issued a document requesting the head of Eximbank’s supervisory board to clarify the contents related to regarding the convening of the Board of Directors meeting on June 1 and procedures for personnel changes according to the announcement on June 28.
The deadline to report the above content is July 3.
The deadline to report the above content is July 3.
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