Corporate Governance System at Sacombank Vietnam
SAIGON THUONG TIN COMMERICIAL JOINT STOCK BANK (shortly referred to as Sacombank) is a bank which may conduct all banking operations and other business activities under the Law on Credit Institutions for profit.
Sacombank is the first modern multi-functional retail bank in Indochina with the mission of maximizing value for customers, investors, staff and upholding the highest commitment to corporate social responsibility. This bank was set up with 5 core values: pioneering; novel, dynamic and innovative; high commitment; social responsibility; and making a difference. Sacombank will lead or initiate new growth areas when faced with challenges; adopt new and creative thinking that will dynamically transform challenges into opportunities. Moreover, all staff will continuously improve, by means of training and development to ensure that they consistently exercise professionalism in providing the highest service quality to its customers and partners. Especially, Sacombank lives by its slogan of “Serving the Nations” and that corporate social responsibility is deeply embraced by every staff member. Finally, it believes in making a difference in all aspects of its operations thereby creating optimal competitive advantages.
Since the foundation day in December 21, 1991, Sacombank has experienced many historical milestones, many changes, many achievements and also failures that create a Sacombank as can be seen nowadays. This assignment will provide an overview of Sacombank’s corporate governance (CG) system and main performance results over the last three years.
I. SACOMBANK’S CORPORATE GOVERNANCE (CG) SYSTEM
Sacombank’s CG system is shown in the chart below:
We will look at the CG system in several aspects, firstly about company’s charter: 1. Company’s charter
Sacombank’s Charter was adopted by The General Meeting of Shareholders of Sacombank under the valid Resolution of the General Meeting of Shareholders No.01/2011/NQ – ÐHÐCÐ, dated 02 April
Sacombank is the first modern multi-functional retail bank in Indochina with the mission of maximizing value for customers, investors, staff and upholding the highest commitment to corporate social responsibility. This bank was set up with 5 core values: pioneering; novel, dynamic and innovative; high commitment; social responsibility; and making a difference. Sacombank will lead or initiate new growth areas when faced with challenges; adopt new and creative thinking that will dynamically transform challenges into opportunities. Moreover, all staff will continuously improve, by means of training and development to ensure that they consistently exercise professionalism in providing the highest service quality to its customers and partners. Especially, Sacombank lives by its slogan of “Serving the Nations” and that corporate social responsibility is deeply embraced by every staff member. Finally, it believes in making a difference in all aspects of its operations thereby creating optimal competitive advantages.
Since the foundation day in December 21, 1991, Sacombank has experienced many historical milestones, many changes, many achievements and also failures that create a Sacombank as can be seen nowadays. This assignment will provide an overview of Sacombank’s corporate governance (CG) system and main performance results over the last three years.
I. SACOMBANK’S CORPORATE GOVERNANCE (CG) SYSTEM
Sacombank’s CG system is shown in the chart below:
We will look at the CG system in several aspects, firstly about company’s charter: 1. Company’s charter
Sacombank’s Charter was adopted by The General Meeting of Shareholders of Sacombank under the valid Resolution of the General Meeting of Shareholders No.01/2011/NQ – ÐHÐCÐ, dated 02 April