Decision No. 12/2007/QD-BTC of the Ministry of Finance issues Corporate Governance Regulations applicable to listed companies on the Stock Exchange/Securities Trading Center. The Decision takes effect fifteen days from the date of publication in the Official Gazette.
Scope of application
Listed companies on the Stock Exchange/Securities Trading Center
Key points
- Listed company → must comply with Corporate Governance Regulations issued by the Ministry of Finance.
🌐 Social impact of this document
- Positive impact: Ensures transparent and effective corporate governance for listed companies, enhancing investor confidence.
- Negative impact: May cause difficulties in adjusting operations due to compliance with new regulations.
❓ Frequently asked questions
When do the Corporate Governance Regulations applicable to listed companies come into effect?
This Decision takes effect fifteen days from the date of publication in the Official Gazette.
What regulations must listed companies comply with under the Corporate Governance Regulations?
Listed companies must comply with corporate governance regulations issued by the Ministry of Finance, specifically as stipulated in Article 1 of the Decision.
Which stock exchanges does this Decision apply to?
This Decision applies to listed companies on the Stock Exchange/Securities Trading Center.
Do listed companies have time to prepare before this Decision comes into effect?
Yes, listed companies will have fifteen days from the date of publication in the Official Gazette to prepare.
What contents do the Corporate Governance Regulations applicable to listed companies include?
Specific contents of the Corporate Governance Regulations applicable to listed companies are stipulated in Decision No. 12/2007/QD-BTC, but there is no detailed information about these contents in the text.
Full text
DECISION
Regarding the issuance of Corporate Governance Regulations applicable to listed companies
on the Stock Exchange/Securities Trading Center
_______________________________
THE MINISTER OF FINANCE
Pursuant to the Enterprise Law No. 60/2005/QH11 dated November 29, 2005 of the National Assembly;
Pursuant to the Securities Law No. 70/2006/QH11 dated June 29, 2006 of the National Assembly;
Pursuant to the Government Decree No. 77/2003/NĐ-CP dated July 1, 2003 stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the proposal of the Chairman of the State Securities Commission.
DECISION:
Article 1. The Corporate Governance Regulations for listed companies on the Stock Exchange/Securities Trading Center are hereby issued along with this Decision.
Article 2. This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
Article 3. The Director of the Office, the Chairman of the State Securities Commission, the Heads of relevant units under the Ministry of Finance, listed companies, and related organizations and individuals are responsible for implementing this Decision./.
DEPUTY MINISTER
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