[pic]Techcombank shareholders meet at least one time per year. The routine part of the general shareholders’ meeting includes approval of annual accounts, the election of the board of directors, and ratification of appointed auditors. In addition, shareholders can vote on proposals sponsored by management.
Board of directors, the governing body of Techcombank of which members are elected by the general shareholders’ meeting, has full right to be on behalf of Techcombank to decide, exercise rights and obligations of Techcombank, except those which belong to authority of the General Shareholders’ meeting. The BOD consists of 9 members, including Chairman of the BOD, First Vice Chairman, and 3 Vice Chairmen. All the BOD members are non-executive. Chairman and Vice Chairmen of the BOD are elected or dismissed by the BOD members with majority vote in the form of secret ballot or vote. A BOD term shall last 5 years. Office term of BOD members shall last no more than 5 years.
The CEO board of management (BOM) is responsible for executing the Bank’s development plans and reporting on the performance status for the best interests of Techcombank.
The Board of Supervisor is a body supervising operations of the Bank in accordance with legal regulations and Charter of the Bank. The board of supervisor consists of 4 members including Head of the Supervisory Board, where half of the Board is executive member.
The Audit Control & Compliance Department performs the Bank’s internal audit functions and reports to the Board of Directors and Supervisory Board.
The Board of Directors (BOD) Standing Committee is established to enhance interaction and information exchange between the Board of Directors and the Board of Managers on operations of Techcombank. It helps the Board of Directors be timely informed of the business performance of the bank, thus giving comments to support the Board of Managers in terms of direction. Audit and Risk Committee is responsible for some nomination and remuneration functions and duties relating to audit, verification, supervision and management of risks of banking operations as assigned/ delegated by the Board of Directors. Another committee established by the Board of Directors is the Nomination &Remuneration Committee. This Committee is in charge of performing some nomination and remuneration functions and duties which the Board of Directors assigns.
Besides the Head Office located in Hanoi, Techcombank also has...