Many JSCs with EVN’s contributed capital operate effectively
Reporting on capital management and representatives in Vietnam Electricity to the end of 2022, Mr. Cao Dat Khoa - Head of the EVN Capital Investment Management Department said that the parent company - EVN has contributed capital in 16 enterprises, including 8 corporations/one-member limited liability companies and 8 joint-stock companies (JSCs), with a total value of about VND 152,257 billion.
Delegates attending Conference on EVN's capital representatives in enterprises in 2023.
The governance mechanism through representatives has promoted effectiveness and met the objectives of preserving and developing the contributed capital of EVN/Corporate in units. The legal provisions on representatives have been gradually improved, basically meeting all aspects from criteria, conditions, processes, and procedures for appointment, re-appointment, evaluation, commendation, discipline, and dismissal of the representative, to the rights and responsibilities of the representative, the informing, reporting and supervising regimes of the representative's work, etc.
EVN has also created the initiative for the representative in exercising the rights and responsibilities of shareholders at the enterprise. Thereby, bringing certain effects in the process of implementing EVN's master plan on restructuring and innovating; at the same time, contributing to preserving and developing the capital of EVN/Corporate in JSCs up to the present time.
Chairman of EVN's Board of Directors Duong Quang Thanh giving directing speech at the conference
Building a modern business governance model
EVN President and CEO Tran Dinh Nhan speaking at the conference
The Chairman of EVN's Board of Directors also required corporations and joint-stock companies to accelerate digital transformation, achieving the goal of becoming digital enterprises by 2025; in which it is necessary to focus on developing and building digital infrastructure to ensure synchronization with the infrastructure of EVN and its units; seeking opportunities for joint ventures and associations, gradually turning revenue from providing digital infrastructure services into one of the main sources of income in the period up to 2030.
Speaking at the conference, EVN President and CEO Tran Dinh Nhan proposed that corporations/joint-stock companies need to pay more attention to the roles and responsibilities of capital representatives in their units. Accordingly, it is necessary to arrange an experienced, highly qualified, and financially knowledgeable representative. The representative needs to comply with the owner's opinion, develop his ability, well-fulfill his duties, and contribute to the success of the unit as well as that of EVN.