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ACLEDA Bank Lao Ltd.
ACLEDA Bank Lao Ltd.

 »  Bank Profile  »  Corporate Governance

Corporate Governance

ACLEDA Bank recognizes the critical importance of corporate governance in supporting the Bank's sustainable growth, enhancing the efficiency of the Bank, creating shareholders values, and securing the trust for all stakeholders including shareholders, customers, staff and the general public. The Board of Directors supports and encourages the adoption and implementation of a good corporate governance policy, together with the code of conduct and business ethics.

Shareholders' meeting

The Bank holds its Annual General Meeting of Shareholders in compliance with the law, the Articles of Association and other relevant regulations. The 2017 Annual General Meeting of Shareholders was held on April 27, 2018 at the Bank's Headquarters and an additional three resolutions were passed by e-mail during the year. The Bank took the following actions:

Prior the Meeting

The Meeting Notice, containing detailed agendas, factual details, rationale and Board recommendations for each agenda item as well as accompanying documents and the 2017 Annual Report and the Report of Financial Statements were produced by the external auditor.. The Meeting Notice and accompanying documents were prepared in English and were delivered to all Shareholders in advance of the Annual General Meeting.

During the Meeting

The 2018 Annual General Meeting of Shareholders was chaired by the Chairman of the Board of Directors. The Chairman allowed Shareholders full opportunity to ask questions and make recommendations and provided comprehensive clarification when requested. The Management also clarified and answered related issues. The Minutes and votes for each agenda item were recorded by the Company Secretary.

The Key Matters approved in 2018 were:

  • The election of the Chairman of the Board of Directors as the Chairman of the AGM No.10;
  • The minutes of the Ninth Annual General Meeting of Shareholders dated April 26, 2017;
  • The audited Financial Statements for the year 2017;
  • The annual report for the year 2017 of ACLEDA Bank Lao Ltd;
  • The approval of the 2018 Business Plan and CAPEX;
  • The approval of the appointment of KPMG Lao Co., Ltd. as an External Auditor for the year 2018 - 2020;
  • The approval to increase Directors' fees;
  • Schedule for the next AGM.

Following the Meeting

The Minutes of the 2018 Annual General Meeting of Shareholders were circulated to all Shareholders for their perusal prior to confirmation at the next Annual General Meeting.

Shareholders

Please click here for the detailed information of ACLEDA Bank Ltd.'s Shareholders.

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