ANTD.VN - Eximbank's extraordinary general meeting of shareholders approved the move of headquarters from Ho Chi Minh City to Hanoi, the dismissal of two members of the Board of Directors, Ms. Luong Thi Cam Tu and Mr. Nguyen Ho Nam, and the dismissal of the Head of the Supervisory Board, Mr. Ngo Tony.
However, the General Meeting of Shareholders failed to approve the amendment of the Charter and terminate the investment in the head office in Ho Chi Minh City.
This morning (November 28), Vietnam Export Import Commercial Joint Stock Bank (Eximbank - stock code: EIB) held the 2024 Extraordinary General Meeting of Shareholders (EGM) in Hanoi.
At the Congress, the Board of Directors of Eximbank presented to the General Meeting of Shareholders a number of important contents such as: Plan to move the head office from Vincom Center Building, No. 7 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City to 27-29 Ly Thai To, Ly Thai To Ward, Hoan Kiem District, Hanoi;
Amend the charter in accordance with the content of the change of head office; Terminate investment Head office at 07 Le Thi Hong Gam, Nguyen Thai Binh ward, District 1, Ho Chi Minh City.
Seeking shareholders' opinions on the proposal of a group of shareholders owning more than 5% of the total common shares of Eximbank on the dismissal of Mr. Ngo Tony from the position of member of Eximbank's Board of Supervisors; dismissal of Ms. Luong Thi Cam Tu and Mr. Nguyen Ho Nam from the position of member of the Board of Directors.
 |
Eximbank Extraordinary General Meeting of Shareholders |
Why does Eximbank's Board of Directors want to move headquarters?
Responding to shareholders’ questions about the proposal to change the headquarters, Mr. Nguyen Hoang Hai – Acting General Director of Eximbank said that 2024 is the 35th year of Eximbank in Ho Chi Minh City and the Southern provinces. Although the bank has built a customer base, the number has not increased in the past 10 years.
"Eximbank is the Export-Import Bank of Vietnam, not the South or Ho Chi Minh City, so we want to bring the bank's brand nationwide," he said.
According to him, the Board of Directors hopes that the bank will develop more strongly in the Northern region in areas such as logistics, infrastructure, and industrial park services. Currently, the business branches in the North contribute 13% of the total profit of the system, which is a low number and not worthy of the development potential of the Northern region.
Mr. Hai affirmed that the change of headquarters is entirely for the benefit of the bank, in compliance with legal regulations, not based on the interests of a large group of shareholders, but to best ensure the development of Eximbank.
What did the dismissed person say?
At the General Meeting of Shareholders, the three proposed dismissal personnel also simultaneously spoke out saying they were surprised by the dismissal proposal from the group of shareholders holding 5% of shares.
Board member Nguyen Ho Nam said that in the two meetings he was absent from, he authorized Ms. Luong Thi Cam Tu to attend and explain to the Board of Directors of Eximbank.
The founder of Bamboo Capital affirmed that he is the representative of the group of shareholders owning more than 10% of Eximbank shares. When participating in the Board of Directors of Eximbank, he always cooperates and builds the bank in the spirit of respecting the law.
"Using the reason of 36/38 attendances to dismiss me is very forced and violates the Law on Credit Institutions," said Mr. Nam, adding that suppressing and removing those who dare to speak out their opinions from the Board of Directors would be a very dangerous precedent.
Similarly, Ms. Luong Thi Cam Tu also affirmed that according to the Law on Credit Institutions, she is not subject to dismissal.
Ms. Tu said she attended all meetings and was not absent for 6 consecutive months as required. When she was absent (4 meetings) it was due to a business trip abroad, she reported to the Board of Directors and authorized someone else to attend.
Ms. Tu also said that she is an individual shareholder of over 1% and also represents a group of shareholders of over 10% participating in Eximbank from 2018 to present. Currently, she is the Chairwoman of the Bank's Risk Management Committee.
She also said that the delay in making decisions on risk control by some board members could affect the bank's transparency and operations.
As for Mr. Ngo Tony, he said that he and other members of the Board of Supervisors discovered more than 2,200 risks of the bank, of which 2/3 were high and very high risks. He also affirmed that he made 8,240 recommendations to help protect thousands of billions of dong.
In addition, according to him, Eximbank faces three major problems. One is the decline in asset quality, reflected in bad debt, overdue debt and debt with the possibility of losing capital. The second is that granting new credit "has some issues that need to be discussed". The last is the increase in some high-risk activities.
He affirmed that he had mentioned this to the Executive Board and the Board of Directors many times but had not seen "serious corrective actions". Therefore, he sent a petition letter to the inspection agency, hoping to verify the signs of risk.
"I would like to ask what is the basis for verifying that I abused my power and caused serious impact on Eximbank? Was that basis concluded by the competent authority before being included in the content of my dismissal?", the Head of Eximbank's Supervisory Board asked.
Stating the legal basis for submitting the above-mentioned proposal to dismiss the Board of Directors and Head of the Supervisory Board, Eximbank's Board Chairman Nguyen Canh Anh said: Based on the Law on Credit Institutions and Eximbank's internal regulations, shareholders holding more than 5% have the right to submit proposals to the meeting agenda 3 working days in advance.
All of the above recommendations have been made in writing and sent at least 3 days in advance. Therefore, the Board of Directors has included the above content in the extraordinary meeting agenda.
“If the Board of Directors does not submit a proposal that meets the requirements to the meeting, it is a violation of the law. Only the General Meeting of Shareholders has the authority to dismiss or not the relevant personnel. After listening to the sharing and opinions from all parties, we recommend that shareholders be careful before voting,” said Mr. Nguyen Canh Anh.
Approval of headquarters relocation, dismissal of 3 senior personnel
At 1:00 p.m. the same day, after summarizing the voting results, Eximbank's General Meeting of Shareholders approved the proposal to change the location of the Head Office with 1,016 million shares, equivalent to 58.73% of shareholders in favor; 713 million shares or 41.23% opposed.
However, two proposals on amending and supplementing the Charter in accordance with the content of changing the location of the Head Office and terminating the investment policy of Eximbank Head Office at 07 Le Thi Hong Gam were not approved. The approval rate of both proposals was 58.73% and the opposition rate was 41.23%.
Because these are important issues, these two contents need to be approved by shareholders representing more than 65% of the total number of voting shares to be passed. The remaining proposals only need to be approved by more than 51% of the total number of voting shares to be passed.
Regarding the proposal to dismiss Mr. Ngo Tony from the position of member of the Board of Supervisors, the approval rate was 53.85% (equivalent to 932 million shares); the opposition rate was 40.74% (equivalent to 705 million shares). In addition, 5.36% of shareholders (equivalent to 93 million shares) did not express their opinion.
Regarding the proposal to dismiss Mr. Nguyen Ho Nam and Ms. Luong Thi Cam Tu from the positions of Board members, the approval rate was 53.85% (equivalent to 932 million shares); the opposition rate was 41.23% (equivalent to 713 million shares). In addition, 4.87% of shareholders (equivalent to 84 million shares) did not express their opinions.
Because only needing approval from over 51% of shareholders, the proposal to dismiss Mr. Ngo Tony from the position of member of the Board of Supervisors and Mr. Nguyen Ho Nam and Ms. Luong Thi Cam Tu from the position of member of the Board of Directors was approved.
Source: https://www.anninhthudo.vn/dhdcd-bat-thuong-eximbank-thong-qua-chuyen-tru-so-ra-ha-noi-mien-nhiem-3-nhan-su-cap-cao-post596843.antd
Comment (0)