BCEL holds general shareholders' meeting for 2014
BCEL holds general shareholders' meeting for 2014
Banque Pour Le Commerce Exterieur Lao Public (BCEL) opened the annual general shareholders' meeting for the year 2014 last week to consider and resolve resolutions for the new year.
The meeting was held at the Lao Securitie s Exchange in Vientiane, with the participation of 22 shareholders who, in total hold 114,409,007 shares, accounting for 82 .4 percent of total shares of BCEL.
The meeting was chaired by Deputy Minister of Finance Mr Santiphap Phomvihane.
The meeting considered and resolved the following resolutions: the meeting approved a total of 114,409,007 votes, accounting for all the votes in the meeting and then considered and approved the appointment of BCEL's Board of Directors and Shareholders' Audit Committee of BCEL.
All the votes considered and approved the business result which has been audited by the external auditor, and allocation of the profit after tax into funds and divided payments for BCEL's shareholders for the year of 2014.
Votes in the meeting considered and adopted BCEL's business plan, staff recruitment plan, and use of funds plan for technical equipment, construction, and repair for the year 2015.
All votes considered and approved the payment of dividends for the year 2015 in two installments.
The dividend payment for the first half of the year shall be determined by the Board of Directors, and the second dividend payment shall be done after the availability of the audit report for the second half of the year.
All votes in the meeting considered and approved the appointment of Ernst & Young Lao Co., Ltd. as external auditor for the year 2015, comprising of the relevant reports in and accordance with both the International Financial Reporting Standards (IFRS) and LAS, in Lao and English, including the mid-year reports and yearly report.
The resolutions of this meeting will be a crucial reference for Banque Pour Le Commerce Exterieur Lao Public to notify all shareholders, investors and other relevant parties of pertinent information related to the company.
