Businesses must be transparent about income and remuneration of leaders to shareholders - Photo: QUANG DINH
Quoc Cuong Gia Lai boss receives highest income of 11 million VND per month
In the recently announced 2024 semi-annual financial report, Quoc Cuong Gia Lai Joint Stock Company explained in detail the income of the board of directors (BOD), the board of general directors (BOD), and the board of supervisors.
Specifically, in the first half of this year, Ms. Nguyen Thi Nhu Loan - General Director and member of the Board of Directors and Mr. Lai The Ha - Chairman of the Board of Directors - received a total income of 66 million VND. That means Ms. Loan or Mr. Ha received an average of 11 million VND per month.
The remaining members of the Board of Directors, the Board of General Directors or the Board of Supervisors receive lower income, only from 15 - 30 million VND/6 months, equivalent to 2.5 - 5 million VND per month.
Mr. Pham Hoang Phuong - the company's chief accountant, received the highest income with more than 184 million VND in the first half of this year.
In total, Quoc Cuong Gia Lai paid leaders more than 416 million VND in salaries and other income in the first 6 months of this year, 227 million VND higher than the same period last year.
According to some experts, the above payment level can be considered low compared to the current market situation.
Regarding business performance, the audited 2024 semi-annual report shows that the company's revenue reached more than 65 billion VND, down 70% compared to the same period last year. Quoc Cuong Gia Lai's after-tax profit was negative 16.6 billion VND,
The current General Director of Quoc Cuong Gia Lai is Mr. Nguyen Quoc Cuong - the son of Ms. Nhu Loan. Ms. Loan was arrested in July this year on charges related to the transfer of the 39-39B Ben Van Don project.
In the report, the independent auditor also emphasized that Quoc Cuong Gia Lai must return the entire amount received from Sunny Island of more than VND 2,882 billion to fulfill its obligations to Ms. Truong My Lan. If the full amount is returned, the company will receive back all real estate and related documents...
How much does a company with a female president over 80 years old pay its leaders?
Kien Giang Construction Investment Consulting Group Joint Stock Company (CIC Group - CKG) has also announced its 2024 semi-annual report with detailed explanations of salaries and other incomes of leaders.
Specifically, in the first 6 months of this year, Mr. Tran Tho Thang - Chairman of the Board of Directors - received nearly 6.6 billion VND, down more than 20% compared to the same period.
However, the income of nearly 1.1 billion VND per month that Mr. Thang receives is still more positive than many business leaders in the same industry.
The second highest earner at CIC Group is Ms. Pham Thi Nhu Phuong - General Director - with over 1.5 billion VND. In addition, Ms. Phuong also earns over 535 million VND when concurrently holding the position of member of the Board of Directors.
Mr. Ha Minh Tuan - head of the board of supervisors - also received more than 461 million VND in the first 6 months of this year. Meanwhile, 6 deputy general directors received income ranging from 491 million VND - 1.18 billion VND in half a year.
According to the audited financial report, CIC Group's revenue in the first 6 months of this year reached more than 551 billion VND, down 17% compared to the same period. Profit after tax was approximately 51 billion VND, down more than 35%.
A "famous" enterprise that pays high executive income is Vietnam Fumigation Joint Stock Company (VFG).
Unlike the first quarter of the year, in this 6-month consolidated report, VFG did not explain in detail the income from members of the Board of Directors and the business executive board.
Instead, VFG only said that the total income and remuneration of the Board of Directors and the General Director was more than 24.4 billion VND, more than 4 billion VND higher than the same period last year.
Currently, VFG's leadership structure includes: Ms. Nguyen Bach Tuyet is the chairwoman and deputy general director. Mr. Truong Cong Cu is a member of the Board of Directors and general director.
Mr. Tran Van Dung is also a member of the Board of Directors and Deputy General Director. In addition, there are 2 other members of the Board of Directors and 1 other Deputy General Director who do not hold concurrent positions.
In the same 6 months last year, Ms. Nguyen Bach Tuyet and Mr. Truong Cong Cu received the highest and similar income, about 6 billion VND.
In the first quarter of this year alone, Ms. Bach Tuyet received an income of 22.35 billion VND, 4.5 times higher than the same period last year. The female chairwoman of VFG's Board of Directors was born in 1942 and has held the highest position in the company since 2009.
The income of VFG's leaders increased in the context of positive business results. Accordingly, VFG's revenue in the first 6 months of 2024 reached nearly VND 2,000 billion and after-tax profit VND 160 billion, up 30% and 42% respectively over the same period.
Source: https://tuoitre.vn/luong-thap-bat-ngo-o-quoc-cuong-gia-lai-20240902222450145.htm
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