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ORS: Extraordinary General Meeting of Shareholders
Orient Securities Corporation (HNX: ORC) has disclosed the results of its Extraordinary General Meeting of Shareholders held on 01/12/2011. Orient Securities Corporation annouces information on appointing and dismissing Ms. Trieu Thi Huong Giang from member of the BOD.
1. According to the Company’s Charter, Ms. Giang is eligible to be a candidate for member of the BOD and she was nominated by a group of shareholders with 14.9% of voting rights .
2. List of candidates including Ms. Trieu Thi Huong Giang was approved by the Annual General Meeting of Shareholders on 18/05/2011 with 99.87 % of total votes.
After the GM Organizing Board received letter nominating Ms. Giang for Member of the BOD, the GM Organizing Board contacted Mr. Do Quoc Thai, representative of the group owning 14.9% of voting shares. He said that Ms. Giang had gone aboard and the group asked the GM Organizing Board to keep her name in the list of candidates for member of the BOD. On 18/05/2011, the General Meeting of Shareholders approved the list of candidates including Ms. Trieu Thi Huong Giang with 99.87% of total votes.
3. Ms. Giang became member of the BOD with approval rate of 83.2% of voting rights based on result of General Meeting of Shareholders.
According to result of ballot, Ms. Trieu Thi Huong Giang received 83.2% of total votes. Therefore, Ms. Giang became member of the BOD. This information was announced on 19/05/2011 one day after the result of the ballot.
4. Dismissal of Ms. Trieu Thi Viet Huong from member of the BOD is in line with the Company’s Charter.
Due to frequent absence of Ms. Giang in the BOD’s meetings, when receiving the resigning letter of Ms. Giang, the BOD held a meeting and approved the resigning letter of Ms Trieu Thi Huong Giang from member of the BOD
However, in recent times, ORS received Ms. Giang’s complaints that she didn’t know about the nomination for member of the BOD as well as the resigning letter
To solve the problem, ORS had a direct working session with Ms. Trieu Thi Huong Giang on 20/10/2011 and the group of shareholders who had nominated Ms. Giang. One of the four shareholders admitted that he had forged Ms. Giang’s signature in the nomination and resigning letters
After the meeting, the BOD of ORS and Ms. Trieu Thi Huong Giang agreed to withdraw her application from list of candidates for member of the BOD position. Simultaneously, the BOD reported to Extraordinary General Meeting of Shareholders on 30/11/2011 to finish procedures for cancelling result of Ms. Giang ’s appointment.
HNX
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