ACB: Corporate Governance report
CORPORATE GOVERNANCE
(2013)
- Company:
Asia Commercial Bank
- Address:
442 Nguyen Thi Minh Khai, Ward 5, District 3, Ho Chi Minh City
- Tel.:
(08) 3929 0999
Fax: (08) 3839 9885
- Charter capital: VND 9,376,965,060,000
- Stock code:
ACB
I. BOD’s activities
No.
Member of BOD
Title
Attendance
Rate
Reason for not attending
1
Mr. Tran Hung Huy
Chairman
09/09
100
2
Mr. Luong Van Tu
Deputy Chairman
03/03
100
3
Nguyen Thanh Long
Deputy Chairman
09/09
100
4
Mr. Julian Fong Loong
Choong
Member
09/09
100
5
Mr. Andrew Colin Vallis
Deputy Chairman
06/06
100
6
Mr. Alain Xavier Cany
Member
08/09
88.88
7
Mr. Steward Donald Hall
Member
03/03
100
8
Ms. Dinh Thi Hoa
Member
05/06
83.33
9
Mr. Tran Mong Hung
Member
08/09
88.88
10
Mr. Tran Trong Kien
Member
09/09
100
11
Ms. Dang Thu Thuy
Member
08/09
88.88
On 211/01/2013:
Authorizing Mr. Tran Hung
Huy
12
Mr. Huynh Quang Tuan
Member
08/09
88.88
On 211/01/2013:
Authorizing Mr. Tran Hung
On 211/01/2013:
Authorizing Mr. Dam Van
Tuan
Huy
13
Mr. Dam Van Tuan
Member
09/09
100
II. Board resolution
No.
Board Resolution/Decision No.
Date
Contents
1
241/TCQD-HDQT.13
23/01/2013
Appointing branch director
2
242/TCQD-HDQT.13
23/01/2013
Listing ESOP shares (2009-2011)
3
243/TCQD-HDQT.13
23/01/2013
Adjusting personnel of Permanent Credit
Committee
4
294/TCQD-HDQT.13
29/01/2013
Amending, supplementing Charter of ACB
Leasing Co., ltd (ACBL)
5
374/TCQD-HDQT.13
20/03/2013
Issuing banking guarantee regulation
6
457/TCQD-HDQT.13
07/02/2013
Issuing regulation of functions, tasks and
organization of ACBS
7
487/TCQD-HDQT.13
18/02/2013
Investing in capital construction,
equipment, machines and real estate
transfer
8
767/TCQD-HDQT.13
08/03/2013
Choosing independent auditing company
(KPMG) to audit FS 2013
9
778/TCQD-HDQT.13
08/03/2013
Approving sale limit for financial market
block
10
932/TCQD-HDQT.13
19/03/2013
Appointing branch director
11
933/TCQD-HDQT.13
19/03/2013
Changing personnel of ACBL for 2013 –
2017 term
12
934/TCQD-HDQT.13
19/03/2013
Personnel list of BOD and Supervisory
Board of ACB in 2013 – 2017 term
13
935/TCQD-HDQT.13
19/03/2013
Contents of AGM 2013
14
960/TCQD-HDQT.13
21/03/2013
Deploying requirements of the Police
according to Dispatch no. 130/C46-P.10
dated 28/02/2013
15
999/TCQD-HDQT.13
26/03/2013
Issuing regulation of functions, tasks and
organization of IT block
16
1188/TCQD-HDQT.13
04/04/2013
Raising additional provision for credit
amounts for Vinalines and group of 6
companies
17
1257/TCQD-HDQT.13
08/04/2013
Nominating Ms. Dinh Thi Hoa as member
of BOD in 2013 – 2017 term
18
1589/TCQD-HDQT.13
26/04/2013
Approving Statement of establishing ACB
Gold Co., ltd to submit AGM 2013
19
1590/TCQD-HDQT.13
26/04/2013
Not listing shares of ACB to HOSE
20
1591/TCQD-HDQT.13
26/04/2013
Controlling expenses
21
1602/TCQD-HDQT.13
26/04/2013
Approaching Vinh Son Song Hinh
hydroelectric plant
22
1603/TCQD-HDQT.13
26/04/2013
Authorizing decision of risk control limit of
liquidity
23
1604/TCQD-HDQT.13
26/04/2013
Authorizing decision of risk control limit of
market
24
1605/TCQD-HDQT.13
26/04/2013
Electing member of BOD of 2013 – 2017
term
25
1728/TCQD-HDQT.13
08/05/2013
Keeping gold balance in account if
customers do not withdraw gold until
30/06/2013
26
1836/TCQD-HDQT.13
16/05/2013
Investing in ACB Square at 29 ter Nguyen
Dinh Chieu, Da Kao Ward, District 1, Ho
Chi Minh City
27
2102/TCQD-HDQT.13
03/06/2013
Adjusting budget for investment in fixed
assets and capital construction in 2013
28
2013/TCQD-HDQT.13
03/06/2013
Transferring and investing in Bac Ninh
branch
29
2014/TCQD-HDQT.13
03/06/2013
Appointing regional director
30
2108/TCQD-HDQT.13
04/06/2013
Purchasing guaranteed assets of GP Bank
in HCMC to revoke interbank liabilities
31
2109/TCQD-HDQT.13
04/06/2013
Not approaching Vinh Son Song Hinh
hydroelectric plant project
32
2110/TCQD-HDQT.13
04/06/2013
Appointing members of Board of Personnel
33
2111/TCQD-HDQT.13
04/06/2013
Personnel of Risk control committee
34
2422/TCQD-HDQT.13
01/07/2013
Establishing Dept. of Communication and
Trademark Management and issuing
regulation of functions, tasks and
organization of the department
35
2456/TCQD-HDQT.13
02/07/2013
Purchasing guaranteed assets of GP Bank
in HCMC to revoke interbank liabilities
36
2457/TCQD-HDQT.13
02/07/2013
Increasing charter capital of ABC Leasing
Co., ltd
37
2605/TCQD-HDQT.13
11/07/2013
Appointing members of Member committee
of ACBS
38
2993/TCQD-HDQT.13
01/08/2013
Appointing Branch Director
39
2994/TCQD-HDQT.13
01/08/2013
Authorizing HR committee to appoint,
dismiss and discipline some titles
40
2995/TCQD-HDQT.13
01/08/2013
Continue using the amount:
406,315,948,403 dongs to buy treasury
stock
41
2996/TCQD-HDQT.13
01/08/2013
Listing ESOP share for phase 3 (20102012)
42
3005/TCQD-HDQT.13
02/08/2013
Adjusting the construction transfer value at
Building No.10 Phan Chu Trinh, Hoan
Kiem, Ha Noi and 444A-446 Cach Mang
Thang Tam, district 3, Ho Chi Minh city
43
3006/TCQD-HDQT.13
02/08/2013
Selling real estate
44
3007/TCQD-HDQT.13
02/08/2013
Transferring real estate in Vung Tau city
45
3008/TCQD-HDQT.13
02/08/2013
General manager term
46
3016/TCQD-HDQT.13
05/08/2013
Dismissing Chairman of ACB - Dept
Management & Asset Exploitation Co., Ltd
47
3017/TCQD-HDQT.13
05/08/2013
Appointing Chairman of ACB - Dept
Management & Asset Exploitation Co., Ltd
48
3051/TCQD-HDQT.13
06/08/2013
Adjusting and supplement regulation of
task, mission and operation organization of
Risk Management Committee
49
3067/TCQD-HDQT.13
06/08/2013
Authorizing solving special work board to
buying asset to recover debt of GP. Bank
50
3325/TCQD-HDQT.13
22/08/2013
Changing Business registration license
51
3866/TCQD-HDQT.13
30/09/2013
Changing title of strategy committee
members
52
3867/TCQD-HDQT.13
30/09/2013
Approval on transaction contract between
ACB Bank and ACB Leasing
53
3875/TCQD-HDQT.13
30/09/2013
Authorizing solving special work board to
buying assets to offet bond of Vinalines in
ACB Bank
54
3876/TCQD-HDQT.13
30/09/2013
Restructuring quality assurance Board to
department of quality assurance and
process improvement - Risk Management
Block
55
4810/TCQD-HDQT.13
05/12/2013
Selecting auditor for fiscal year 2014,2015
and 2016
56
4811/TCQD-HDQT.13
05/12/2013
Authorizing chair of the Board decided to
organize executive apparatus at Head
quarter
57
4866/TCQD-HDQT.13
10/12/2013
Establishing Department of Customer
Experience Management
58
4906/TCQD-HDQT.13
11/12/2013
Implementing new brand identification
59
5036/TCQD-HDQT.13
23/12/2013
Changing name of Bad debt handling
Assembly to Debt handling Assembly and
establish regulation of task, mission and
organization structure of ACB debt
Handling Assembly
60
83/NVQD-HDQT.14
23/01/2014
Establishing regulation of ACB debt
handling
61
267/TCQD-HDQT.14
Establishing regulation (amended) of task,
mission and organization structure of ACB
debt Handling Assembly
23/01/2014
III. Change in connected persons/institutions
No.
Organization/individual
Title (if any)
Moment to be
connected
persons/instit
utions
Moment to be
not connected
persons/instit
utions
Reason
26/04/2013
Finishing
office term
on
26/04/2013
26/04/2011
26/04/2013
Finishing
office term
on
26/04/2013
26/04/2013
N/A
Elected on
26/04/2013
Members of BOD
1
Luong Van Tu
Deputy Chairman of
BOD, independent
member
2
Steward Donald Hall
Member of BOD
3
Andrew Collin Vallis
Deputy Chairman of
BOD
4
Dinh Thi Hoa
22/03/2008
Independent
member of BOD
Members of Supervisory Board
1
Trieu Cao Phong
Member of
Supervisory Board
06/01/1999
18/04/2013
Dead on
18/04/2013
2
Nguyen Thi Minh Lan
Member of
Supervisory Board
26/04/2013
N/A
Elected on
26/04/2013
IV. Transactions of PDMRs and connected persons/institutions
1. List of PDMRs and connected persons/institutions
No.
Name
1
Tran Hung Huy
2
3
Tra Mong Hung
Dang Thu Thuy
Trading
account
any)
(if
Position of
PDMR
at
the
company (if
any)
Chair of the
Board
Director
Director
Shareholdi
ng at the
end of the
term
28,772,070
Shareholdi
ng
percentage
at the end
of the term
3.07%
16,523,854
10,978,656
1.76%
1.17%
Note
4
5
6
Tran Dang Thu Thao
Tran Minh Hoang
Luong Hoang Loi
7
Luong Thi Xuan
8
Nguyen Thanh Long
9
12
13
Connaught
Investors
Limited
Standard Chartered APR
Limited
Standard Chartered Bank
Hong Kong Limited
Dinh Thi Hoa
Le Thi Luong
14
15
Dang Thu Thuy
Tran Dang Thu Thao
Director
16
Tran Hung Huy
Chair of the
Board
17
10
11
Director
Director
10,572,256
11,503,880
13,618
1.13%
1.23%
Connected
Person
Connected
Person
79
Deputy
Chair of the
Board
338,944
0.04
68,114,834
7.26%
82,263,883
8.77%
58,395,142
6.23%
13,833
3,828
Connected
person
10,978,656
10,572,256
1.17%
1.13%
28,772,070
3.07%
Tran Minh Hoang
11,503,880
1.23%
18
Tran Tuyet Nga
917,321
0.10%
19
Tran Phu My
7,450,298
0.79%
20
Tran Phu Hoa
253,726
0.03%
21
Le Thi Viet Ha
1,418
22
23
Dang Thu Thuy
Luu Thi Phuong
Director
24
25
Tran Mong Hung
Tran Dang Thu Thao
Director
26
Tran Hung Huy
Chair of the
Board
27
10,978,656
44,860
1.17%
16,523,854
10,572,256
1.76%
1.13%
28,772,070
3.07%
Tran Minh Hoang
11,503,880
1.23%
28
Dang Kim Hong
2,461
29
Dang Kim Tan
111,400
0.01%
30
Dang Thu Ha
9,444,189
1.01%
31
Dang Thi Thu Van
315,908
0.03%
Branch
Manager
Connected
institution
Connected
institution
Connected
institution
Connected
person
Connected
person
Connected
person
Connected
person
Connected
person
Connected
person
Connected
person
Connected
person
Connected
person
Connected
person
Connected
person
Connected
person
32
Dang Van Phu
3,191,526
0.34%
33
Dang Phu Vinh
3,368,664
0.36%
34
35
Huynh Quang Tuan
Vu Thi Bich Ngoc
473,964
245,868
0.05%
0.03%
36
Huynh Cong Duc
121,692
0.01%
37
Huynh Thi Thu Hang
22,863
38
Huynh Thi Quynh Nga
101,801
39
40
Dam Van Tuan
Dam Dinh Mai
Director
41
Huynh Nghia Hiep
Chief
of
Supervisory
Board
42
Block
Manager
Director
0.01%
22,651
15
0.02%
Nguyen Thi Nga
60,522
0.01%
43
Huynh Van Khoi
3,395
44
Trieu Cao Phong
45
Hoang Ngan
46
47
48
49
Huynh Bao Ngoc
Hoang Ha
Phung Thi Tot
Do Minh Toan
50
Bui Thi Tuyet Loan
51
Bui Tan Tai
52
Tran Thi Doan Trinh
53
Bui Tan Loc
54
Nguyen Duc Thai han
55
Vo Thi Ngoc Lanh
56
Nguyen Thanh Toai
General
Manager
Deputy
Manager
Branch
Deputy
Manager
112,238
0.01%
24,302
4,000
49,688
94,836
0.01%
0.01%
120,832
0.01%
Connected
person
23,747
102,714
0.01%
Connected
person
23,747
1,535
Deputy
Manager
Connected
person
Connected
person
38,864
16
Deputy
Manager
Connected
person
Connected
person
Connected
person
Connected
person
Connected
person
178,576
Member of
Supervisory
Board
(Death on
18/04/2013)
Member of
Supervisory
Board
Connected
person
23,016
Connected
person
57
Le Thi Cuc
2,356,183
0.25%
58
Nguyen Thien
411,340
0.04%
59
Nguyen Van Hoa
60
Tran Thi Dieu Trang
Chief
Accountant
Branch
Manager
Connected
person
Connected
person
17,816
3,443
2. Transactions of PDMRs and connected persons/institutions
No.
Transacting
person
Relationship with
PDMRs
Opening number
of shares
Closing number
of shares
Number
of shares
Rate
(%)
Number
of shares
Rate
(%)
Reason of
increase,
decrease
1
Dang Kim
Hong
Younger sister of Ms.
Dang Thu Thuy,
member of BOD
5,461
0.00
2,461
0.00
Selling
2
Hoang Ha
Older sister of Ms.
Hoang Ngan, member
of Supervisory Board
0
0.00
4,000
0.00
Buying
3. Other transactions (none)
V. Notices (none)