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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 trust for all stakeholders including shareholders, customers, staff and the general public. The Board of Directors supports and encourages the adoption and implementation of 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 Article of Association and other relevant regulations. The Annual General Meeting of Shareholders was held on April 24th, 2024 at the Bank’s Headquarters and additional fifteen 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 Annual Report 2023 and the Report of Financial Statements 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 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 comprehension 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 2024 were:

• The election Chairman of Board of Directors as the Chairman of the AGM No.16;
• The minutes of the Fifteenth Annual General Meeting of Shareholders dated April 24th, 2023;
• The Audited Financial Statements for the year 2023;
• The annual report for the year 2023 of ACLEDA Bank Lao Ltd;
• The approval of the 2024 Business Plan and CAPEX;
• The approval of the dividend of profit for year 2023;
• The approval of registered Capital Injection for 2024;
• The approval of amendment the MAOA and SSA;
• The approval of appointment PricewaterhouseCoopers (Lao) Sole Company Limited (PwC) as an independent external auditor for the year 2024;
• Schedule for the next AGM.

Following the Meeting

The Minute of the Annual General Meeting of Shareholders was circulated to all Shareholders for their perusal prior confirmation at the next Annual General Meeting.

Shareholders

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