Information disclosure of SOEs compulsory next month
Information disclosure of SOEs compulsory next month
The Government has issued Decree 81/2015/ND-CP dated September 18 which governs the contents, orders, procedures, and responsibilities for information disclosure of State owned enterprises (SOEs).
Under the Decree, representative bodies of State ownership and SOEs shall have to disclose information to ensure the requirements of openness and transparency in the operation of enterprises.
Information disclosure also aims to ensure efficiency and effectiveness in the management and supervision of public agencies and the society against SOEs.
Enterprises, making information disclosure directly through legal representative or through authorized person, are responsible for the completeness, timeliness, truthfulness and accuracy of the information published.
In case an enterprise has more than one (01) legal representative, the enterprise shall inform representative bodies of State ownership and the Ministry of Planning and Investment, and make a disclosure on the enterprise’s portal or website of the legal representative that shall perform information disclosure following Appendix I attached to this Decree.
Where an enterprise makes a disclosure of information through a person authorized to disclose information, the enterprise must notify the authorization of information disclosure to representative bodies of State ownership and the Ministry of Planning and Investment.
If the published information is incorrect, lacking of accuracy, affecting the reputation of enterprises, the legal representative or the person authorized to disclose information must confirm and adjust or correct the information within twenty-four (24) hours after receiving the correct information or as required by the authorities.
Where there are changes to the contents of information published, enterprises must have a written explaining report to representative bodies of State ownership.
The Decree is scheduled to take effect since November 5 this year.
Types of information to be disclosed by SOEs
a) Development strategy of enterprises;
b) Five (05) year production, business and investment plans of enterprises;
c) Annual production, business and investment plans of enterprises;
d) Assessment report on the implementation results of annual production and business plans and plans within the previous three (03) years from the reporting year;
d) Report on the performance of public duties and social responsibilities (if any);
e) Report on the annual reorganization and innovation of enterprises;
g) Report on the governance and organizational structure of enterprises;
h) Six-month and annual financial statements of enterprises;
i) Report on salary and bonus regime of enterprises.
