PCE: Corporate Governance Report (2016)
PCE: Corporate Governance Report (2016)
CORPORATE GOVERNANCE REPORT
(Year 2016)
Company: Central PetroVietnam Fertilizer and Chemicals Joint Stock Company
Address: Lot A2, Nhon Binh Industrial Complex, Nhon Binh Ward, Quy Nhon City, Binh Dinh Province
Tel.: 0563 848 488
Fax: 0563 848 588
Email:
Charter capital: VND 100,000,000,000
Stock code: PCE
I. BOD Activities
Meetings:
No. / Members of Board of Directors / Title / Attendance / Rate / Reasons for not attending1 / Cao Trung Kien / Chairman of Board of Directors / 10/10 / 100%
2 / Tran Tuan Nam / Member of Board of Directors / 10/10 / 100%
3 / Nguyen Van Quyen / Member of Board of Directors / 06/10 / 60% / Appointed from 06 Jun 2016
4 / Le Thanh Vien / Member of Board of Directors / 10/10 / 100%
5 / Nguyen Pham Trung / Member of Board of Directors / 08/10 / 80% / Appointed for term II on 08 Apr 2016
II. Board Resolutions
No. / Resolution / Decision No. / Date / Content1 / 38/ QD – CMT / 22 Jan 2016 / Approve the 2015 salary fund
2 / 39/ NQ – CMT / 22 Jan 2016 / Approve extracting and distributing bonus fund 2015 for Administrative Board
3 / 52/ NQ – CMT / 16 Feb 2016 / Approve the 2016 business plan
4 / 134/ QD – CMT / 22 Mar 2016 / Dismiss Mr. Tran Manh Hung as Chairman of Board of Director
5 / 135/ NQ – CMT / 22 Mar 2016 / Approve appoint Chairman of Board of Director
6 / 136/ QD – CMT / 22 Mar 2016 / Appoint member of Board of Director cum Manager
7 / 176/ NQ – CMT / 11 Apr 2016 / Annual General Mandate 2016
8 / 189/ NQ – CMT / 12 Apr 2016 / Appoint Chairman of Board of Director
9 / 190/ NQ – CMT / 12 Apr 2016 / Dividend payment phase 2 2015
10 / 219/ NQ – CMT / 26 Apr 2016 / Approve plan and draft contact of transferring use right of trademark between the Company and TCT
11 / 221/ UQ – CMT / 26 Apr 2016 / Authorize Mr. Tran Tuan Nam – Manager from the date of signature to 31/12/2016
12 / 229/ QD – CMT / 29 Apr 2016 / Dismiss Mr. Mai Minh Phuong as Deputy of the Company
13 / 230/ QD – CMT / 29 Apr 2016 / Appoint Mr. Nguyen Van Quyen as Deputy
14 / 238/ NQ – CMT / 09 May 2016 / Organization and work assignment of Board of Director
15 / 239/ NQ – CMT / 09 May 2016 / Approve operational plan 2016
16 / 240/ QD – CMT / 10 May 2016 / Issue information disclosure progress
17 / 243/ QD – CMT / 10 May 2016 / Approve and announce inventory levels and the company's debts
18 / 250/ NQ – CMT / 12 May 2016 / Approve salary of the Company
19 / 281/ QD- CMT / 01 Jun 2016 / Approve regulation of documents work
20 / 284/ QD – CMT / 06 Jun 2016 / Dismiss Mr. Mai Minh Phuong as member of Board of Director from 06/06/2016
21 / 285/ QD – CMT / 06 Jun 2016 / Appoint Mr. Nguyen Van Quyen as Member of Board of Director from 06/06/2016
22 / 485/ NQ – CMT / 21 Jun 2016 / Approve selecting audit unit for Financial Year 2016
23 / 491/ QD – CMT / 28 Jun 2016 / Transfer salary of Mr. Tran Tuan Nam
24 / 497/ QD – CMT / 30 Jun 2016 / Announce regulation of business trip cost, transportation and other administrative cost
25 / 498/ QD – CMT / 30 Jun 2016 / Approve and announce regulation of using asset of the Company
26 / 508/ QD – CMT / 06 Jul 2016 / Issue policy on employees
27 / 509/ QD – CMT / 06 Jul 2016 / Assignments for Board of Directors
28 / 581/ QD – CMT / 26 Aug 2016 / Send Mr. Tran Tuan Nam to USA for business, Mexico from 07 Sep 2016 to 16 Sep 2016
29 / 588/ QD – CMT / 30 Aug 2016 / Approve managerial structure of PVFCCo Central
30 / 654A/ NQ – CMT / 17 Oct 2016 / Approve and draft contracts on fertilizer – Polysulphat with TCT
31 / 673/ NQ – CMT / 03 Nov 2016 / Dividend advance for first time in 2016
32 / 709A/ QD – CMT / 29 Nov 2016 / Issue regulation on managing and using cash capital
33 / 720/ NQ – CMT / 28 Dec 2016 / Approve plans for suspending operation of Branches under PVFCCo
34 / 764/ NQ – CMT / 28 Dec 2016 / Adjustment of cost plan 2016 of the Company
35 / 765/ QD – CMT / 28 Dec 2016 / Issue procedures for information disclosure
36 / 766/ QD – CMT / 28 Dec 2016 / Approve credit limit and deposit
37 / 767/ QD – CMT / 28 Dec 2016 / Issue regulations on buying Phu My fertilizer
38 / 768/ QD – CMT / 28 Dec 2016 / Approve 2017 operation plan of Board of Directors
39 / 781/ QD – CMT / 30 Dec 2016 / Approve draft of principle contract on trading Phu My fertilizer with TCT
40 / 782/ QD – CMT / 30 Dec 2016 / Approve draft of principle contract on trading Phu My fertilizer with TCT
41 / 783/ QD – CMT / 30 Dec 2016 / Approve draft of principle contract on trading Phu My fertilizer with TCT
III. Supervisory Board:
No. / Members of Supervisory Board / Title / Attendance / Rate / Reasons for not attending1 / Nguyen Thi Kim ANh / Head of Supervisory Board / 4/4 / 100%
2 / Pham Thanh Long / Member / 4/4 / 100%
3 / Nguyen Thanh Manh / Member / 3/4 / 75%
III. Change in connected persons/ institutions:
No. / Name of connected persons/institutions / Trading account (if any) / Position of PDMR at the company (if any) / Date to become connected persons/ institutions / Date no longer connected persons/ institutions / Reasons1
IV. Transactions of PDMRs and connected persons/ institutions
1. List of PDMRs and connected persons
No. / Name / Trading account / Position of PDMR at the company (if any) / Shareholding at the end of the term / Shareholding percentage at the end of the term / Note1 / Petro Vietnam Fertilizer and Chemicals Corporation / 7,500,000 / 75%
2 / Cao Trung Kien / Chair of the Board / 30,000 / 0.3%
3 / Tran Tuan Nam / Member of Board of Directors / 0 / 0%
4 / Nguyen Van Quyen / Member of Board of Directors / 0 / 0%
5 / Le Thanh Vien / Member of BOD cum Chief Accountant / 20,000 / 0.2%
6 / Nguyen Pham Trung / Member of Board of Directors / 0 / 0%
7 / Mai Thanh Hai / Deputy Manager / 0 / 0%
8 / Nguyen Tu Quyen / 10,000 / 0.1%
9 / Quynh Thi Thu Trang / Connected person / 60,000 / 0.6%
10 / Pham Thanh Long / Member of Supervisory Board / 0 / 0%
11 / Nguyen Thanh Manh / Member of Supervisory Board / 0 / 0%
12 / Nguyen Thi Kim Anh / Chief of Supervisory Board / 5,000 / 0.05%
2. Transactions of PDMRs and connected persons/ institutions
No. / Name / Relation with PDMR / Shareholding at the beginning of the term / Shareholding at the end of the term / Reason (buy, sell, transfer, dividend, bonus share...)Share / Percentage / Share / Percentage
3. Other transactions: None
V. Other contents: