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The right to nominate people to the Board of Directors is one of the rights of shareholders, helping to ensure that company management decisions reflect the aspirations and interests of shareholders. Participating in the nomination process not only creates opportunities for shareholders to express their voices but also contributes to improving transparency and efficiency in corporate governance activities.
According to the provisions of Clause 1, Article 155 of the Law on Enterprise 2020, members of the Board of Directors must meet the following criteria and conditions:
In addition, the Board of Directors also has independent members, who must meet the conditions in Clause 2, Article 155 of the Law on Enterprise 2020, specifically:
The term and number of members of the Board of Directors are specified in Article 154 of the Law on Enterprise 2020, specifically as follows:
The regulations on the term and number of members of the Board of Directors in the Law on Enterprise 2020 mentioned above are meant to ensure the management structure, helping to maintain stability and continuity in management activities, avoiding the situation of disruption and creating transparency in management, and helping members clearly understand their roles in the organization.
According to the provisions of Clause 5, Article 115 of the Law on Enterprise 2020, a shareholder or group of shareholders holding 10% or more of the total number of common shares, or a smaller percentage as prescribed in the company’s Charter, has the right to nominate people to the Board of Directors.
Long Phan provides consulting services and supports shareholders in exercising their nomination rights, with the following diverse services:
Understanding the rights and interests of shareholders will help ensure rights, including the right to nominate people to the Board of Directors. We at Long Phan provide professional, dedicated service, helping you exercise your right to nominate effectively, and conveniently. Please contact us today via the hotline 0906735386 to receive the best support in exercising your rights!
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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