Eximbank shareholders propose to cancel the dismissal of the head of the Board of Supervisors

(NLĐ) - A group of major shareholders of Eximbank believe that the dismissal of the head of the Board of Supervisors - Mr. Ngo Tony is illegal.

Shareholders attending Eximbank's 2023 General Meeting of Shareholders

Mr. Vo Minh Tam, representing a group of shareholders owning 5.66% of total shares of Vietnam Export Import Commercial Joint Stock Bank (Eximbank), has just submitted a petition to the Board of Directors (BOD) of this bank to cancel Resolution No. 366/2024/EIB dated November 6, 2024, and at the same time remove the content of dismissing Mr. Ngo Tony from the position of member of the Board of Supervisors and related documents from the agenda of Eximbank's Extraordinary General Meeting of Shareholders, scheduled to be held on November 28.

The above-mentioned group of shareholders believes that including the content of dismissing Mr. Ngo Tony from the position of member of the Board of Supervisors in the agenda of the shareholders' meeting is a violation of the charter, regulations on organization and operation of the Board of Supervisors, the Law on Credit Institutions and current legal regulations.

According to Mr. Vo Minh Tam, representative of the group of shareholders, on October 29, another group of shareholders proposed to dismiss Mr. Ngo Tony for distributing the document "Petition and urgent reflection on serious risks leading to unsafe operations and the risk of collapse of the Eximbank system" but did not provide any evidence to prove that Mr. Ngo Tony was the one who distributed that document.

After this document spread on the Internet, Eximbank requested the authorities to intervene. However, up to now, the authorities have not yet reached a conclusion about Mr. Ngo Tony's dissemination of the document.

In addition, the reason for Mr. Ngo Tony's dismissal does not fall under any of the cases specified in Articles 45 and 46 of the Law on Credit Institutions 2024; Article 174 of the Law on Enterprises 2020; Articles 63, 67 and 68 of Eximbank's Charter.

Mr. Tam said that Eximbank's Board of Directors included the dismissal of Mr. Ngo Tony in the content of the shareholders' meeting without the conclusion of the competent authority, which has reduced the confidence of the stock market and investors in the transparency of management planning at Eximbank. As a result, Eximbank's EIB stock price at one point "evaporated" 4.63%, causing many shareholders to suffer considerable losses.

"For the above reasons, we believe that the Board of Directors of Eximbank's cancellation of Resolution No. 366/2024/EIB/NQ-HDQT dated November 6, 2024, removing the content of Mr. Ngo Tony's dismissal, and correcting the information is a necessary action to limit damage, regain investor confidence, ensure transparency, Eximbank's management capacity and the rule of law" - Mr. Tam stated clearly in the petition.

Source: https://nld.com.vn/mot-nhom-co-dong-lon-eximbank-kien-nghi-huy-bo-mien-nhiem-truong-ban-kiem-soat-196241120161735417.htm