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CVT: Board resolution
CMC Joint Stock Company (HNX: CVT) announces the Board Resolution approved on 11/04/2011 as follows:
1. The BOD approved following items:
I. Time and place for Annual General Manager 2011:
- Exercise time: 7h30, Thursday 12/05/2011
- Place: Meeting Hall of Phu Tho Province – No.936, Hung Vuong Road, Thanh Mieu Ward, Viet Tri City, Phu Tho Province
II. AGM’s regulations and rules:
- Regulation of election of the BOD and Supervisory Board
- Rule of holding General Meeting
- Rule of election of Members of BOD and Supervisory Board
- Rule of voting by ballot
III. Agenda:
- Report of the BOD on realizing General Mandate, Board resolution of 2010 and 1st term (2006-2010) and plan for 2nd term (2011-2015)
- Report of Supervisory Board on the Company’s operation in 2010 and 1st term (2006-2010)
- Report of operation plan of 2011 and 5 years of 1st term
+ Operation plan 2011 and plan for 2nd term of General Management
- Audited financial statement 2010, profit distribution plan and setting up funds 2010
- ReWard for completing plan and extra-plan profit 2010
- Election of the BOD, Supervisory Board 2nd term 2011-2016
+ Voting for the approval of number of members of the BOD and Supervisory Board to be 5 and 3 persons
+ Voting for the approval of election rules for the BOD and Supervisory Board
- The BOD is authorized to select auditing company which has name on list of auditing companies which State Securities Commissions of Vietnam approved
- The BOD is authorized to borrow over 50% of corporation value
- Report of investment in building CMC No.2 Brick Company
- Approving:
+ Issue to increase the charter capital from VND80 billion to VND 160 billion with 2 stages to supplement business and working capital
+ Invest and expand the 2nd term of CMC No.2 projects
- Change in purpose of using 75,000 m2 of land of the Company in the 2nd term
- The BOD is authorized to issue regulations concerning reWard and discipline
- Report of remuneration for the BOD and Supervisory Board 2011
- Approving:
+ If realized profit get 100% of expected, the BOD and Management Board will receive 2% of profit of that year
+ If realized profit is over100% of expected, the BOD and Management Board will receive an addition of 20% of extra-plan-profit
- Other issues.
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