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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 26, 2017 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 2016 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 2017 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 2017 were:

  • The minutes of the Eighth Annual General Meeting of Shareholders dated April 19, 2016;
  • The audited Financial Statements for the year 2016;
  • The annual report for the year 2016 of ACLEDA Bank Lao Ltd;
  • The appointment of PwC as external auditors for 2017;
  • The approval of the 2017 Business Plan and CAPEX;
  • The approval of the renomination of Board of Directors of ACLEDA Bank Lao Ltd. as namely: Dr. In Channy, Chairman; Drs. Pieter Kooi, Vice-Chairman; Mr. Chhay Soeun, Member; Dr. Phon Narin, Member. for the next two-year terms from 2017 to 2018;
  • The approval of granting Dr. Phon Narin, the full and final discharge of all his duties and liabilities in respect of the position as a member of the Board of Directors of ACLEDA Bank Lao Ltd.; and recognize Dr. Svay Hay, as a new member of the Board of Directors of ACLEDA Bank Lao Ltd;
  • Schedule for the next AGM.

Following the Meeting

The Minutes of the 2017 Annual General Meeting of Shareholders were circulated to all Shareholders for their perusal prior to confirmation at the next Annual General Meeting.


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

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