On January 26, 2021, in Ho Chi Minh City, PetroVietnam Oil Corporation (PVOIL) held an Extraordinary General Meeting of Shareholders in 2021.
The meeting was attended by departments’ leaders of Vietnam Oil & Gas Group. PVOIL Chairman Cao Hoai Duong, PVOIL President & CEO Doan Van Nhuom, members of the Board of Management, Supervisory Board, and Board of Directors, and representatives of PVOIL's professional divisions also attended the meeting.
The meeting was conducted with the participation of shareholders or authorized representatives, accounting for 85.42% of PVOIL’s total shares.
At the meeting, the Board of Management sought shareholders’ opinions of the following papers: Amendment and Supplementation of the Corporation’s Organisation Charter; Amendment and Supplementation of the Corporation’s Internal Governance Regulations; Dismissal and Election of Additional Members of the Board of Management.
PVOIL's representatives presented the proposals to shareholders to seek shareholders’ approval on organizing online General Meeting of Shareholders, electronic voting to facilitate the shareholders in different locations can attend, monitor, discuss and vote at the General Meeting of Shareholders.
The change is also consistent with the current COVID-19 pandemic situation and facilitates PVOIL’s Board of Management in organising meetings when it has a large number of shareholders.
The meeting also sought shareholders’ approval to add petroleum analysis and testing services into PVOIL business by utilizing the Petroleum laboratory of PVOIL Dinh Vu.
In order to meet operational requirements and the law, the Board of Management also sought shareholders’ approval to dismiss the Board of Management membership status of Mr. Nguyen Hoang Tuan and Mr. Nguyen Viet Thang under their resignation and elect additional members.
At the meeting, Vietnam Oil & Gas Group, holding 80.52% stake in PVOIL, introduced 2 eligible candidates to enter PVOIL's Board of Management, term 2018-2022. They are Mr. Doan Van Nhuom - PVOIL President & CEO and Mr. Nguyen Mau Dung - Head of Trade and Service Department under PetroVietnam.
After listening to the reports, shareholders approved all submissions presented at the meeting. At the same time, Mr. Doan Van Nhuom and Mr. Nguyen Mau Dung were elected to the Board of Management of the Corporation, term 2018-2022 with voting ratio at 100% and 99.99% respectively.
On behalf of the newly elected members of PVOIL's Board of Management, Mr. Doan Van Nhuom thanked shareholders for their trust in electing new members to the Board of Directors of the Corporation. He pledged to build good solidarity in the Board of Management, good coordination to the Board of Directors to make right and timely decisions to help the Corporation to overcome difficulties and successfully complete the assigned tasks.
The General Meeting of Shareholders authorized the Board of Management of PVOIL to adjust and supplement the contents of the Corporation’s Organisation Charter; the Internal Governance Regulations in accordance with the law and PetroVietnam’s regulation. On behalf of the General Meeting of Shareholders, the Board signed and issued Resolutions / Decisions on the contents approved by the General Meeting.
Extraordinary General Meeting of Shareholders in 2021
The chair conducts the Meeting
Mr. Cao Hoai Duong - Chairman of the Board of Management and members of the Board congratulate Mr. Doan Van Nhuom and Mr. Nguyen Mau Dung
Mr. Doan Van Nhuom
Year of birth: 1963
Permanent residence: Ho Chi Minh City
Education: Geography Construction Engineer
Position when standing for PVOIL Board of Management: President & CEO of PVOIL
Mr. Nguyen Mau Dung
Year of birth: 1968
Permanent residence: Vung Tau city
Education: Master of Business Administration
Position when standing for PVOIL Board of Management: Head of Trade and Service Department under PetroVietnam