2020 was an unprecedented year in modern history. It slowed down global economic growth, yet at the same time set higher requirements on sustainable development and corporate governance. This was the message communicated in the Vietnam Listed Companies Awards 2020 Ceremony.
This year, the season of the Annual General Meeting (AGM) has been approaching Vietnamese companies during the COVID-19 pandemic in a very special way. Recognizing the current trend of a “New Normal” AGM to bring Companies and their Shareholders together, VIOD would like to introduce our Focus #2 to give you an update with full information of our practice guidance and how Vietnamese pioneers have been leading and be ready to organize virtual AGMs.
This Newsletter updates you with VIOD’s activities and sharing key Corporate Governance Trends in the market during a special time of the world to fight against the coronavirus spread. We continuously updated and adjusted our activities to comply with requirements of social distancing, joining a hand with the community to win the situation. Therefore, our planned Governance Excellent Programs and Governance Awareness Programs have been postponed since February 2020, instead we have actively increased our communications via Newsletters and media channels to timely update and keep contacts with our members and interested parties.
As COVID-19 continues to spread around the globe and with a pandemic declaration, the global recession is anticipated. Negative impact on growth with crises may happen in so many businesses of different sectors, this is the time that the Boards should engage with their management to navigate and drive their organizations to rapidly respond to the pandemic. VIOD published this special edition to provide some key priorities for Boards’ consideration.
This Newsletter updates you with corporate governance trends and insights, as well as highlighted activities of VIOD and other market stakeholders in Vietnam during 2019. VIOD, together with our partners have been working to serve the growing needs of directors, in order to enhance awareness and promote good corporate governance practices in the Vietnamese corporate sector.