Monday, 12/01/2009 19:03

PVI: Board resolution

On 24/12/2008, the following resolutions of the Board of Directors of Petrovietnam Insurance were duly passed:

1. Approve operating results of 2008 and plan for 2009:

* Operating results of 2008:                               

                                                                            Unit: VND thousand

Year

2008

% completed

In comparison with that of 2007 (%)

Revenue

2,688

103.4

135

Profit

260.029

78.8

104

- In 2008, the company increased the charter capital to VND 3,000 bil.

- Dividend payment of 2008: 15% (in which 8% in cash)

- Issuing bonus shares to employees with excellent achievement equivalent to 1% of the charter capital.

* Plan for 2009:

- Improve management and executive quality of General Management Board to preserve the capital and maximize profit, maintain intensive investment to increase the asset of the corporation and ensure business effectiveness to fulfill commitment of dividend payment at the rate of 15% (in cash and by shares) for 3 consecutive years.

- Details as follows:

Unit: VND thousand

Year

2008

Increase over that of 2008 (%)

Revenue

3,000.000

112

Profit

275.110

105

2.     Approve the salary unit price in 2008 and 2009

- Salary unit price in 2008: VND 35 over VND 1,000 of revenue

- Salary unit price in 2009: VND 45 over VND 1,000 of revenue

- In case the company exceeds the profit plan, salary unit price will be paid more but not exceeding VND 50 over VND1,000 of revenue.

3.     Announce report of the State auditting Group:

- Auditing group recorded great achievements of PVI of operating results in recent years, well  performance with the State budget payment, clear financial situation. Yet, there are some shortcomings relating to management, process...

4.     Grasp thoroughly content of Resolution No 8750/NQ-DKVN of Petro Vietnam on 24/11/2008, including:

- Dismissing the Investment Board. Everything related to investment will be decided by the Board of Directors

- Approving the investment priority in 2009: the Board of Directors approved in principle the investment priority in 2009 the same as that applied for the second half of 2008 according to the Decision . 739/QD-PVI on 27/6/2008.

- Halting further investment in long term projects with little or without profits.

- Withdrawing the capital from PVI Tower and coordinate with the founding shareholders to dissolve this company pursuant to the law.

- The company petitioned to be allowed not to receive the transfer of PetroVietnam’s equity in PVS.

- Making favourable conditions for Directors of PVI to work professionally.

5.     Management changes in PVI:

- Mr. Nguyen Anh Tuan has been authorized by Mr. Le Van Hung,  Chairman of the Board of Directors, to direct the Board and sign in document on behalf of the Board with the effect since 1/1/2009.

- Mr. Nguyen Anh Tuan will not manage the corporation as a general manager. Mr. Bui Van Thuan, standing deputy general manager has been appointed the general manager.

 HaSTC

 

 
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