Corporate governance is a prerequisite for listed companies.

The conference aims to discuss and implement measures to improve the quality of transparent corporate governance, associated with ESG criteria (Environment, Social and Governance) for listed enterprises, contributing to upgrading the Vietnamese stock market.

Speaking at the Conference, Chairwoman of the State Securities Commission Vu Thi Chan Phuong emphasized that good corporate governance will promote business efficiency, enhance access to capital markets, reduce capital costs, improve the image and enhance the reputation of Vietnamese enterprises in the domestic and international markets.

According to the Chairman of the State Securities Commission, when upgrading the market, the first concern of foreign investors is whether the goods on the market are good and transparent or not. Goods on the stock market are an extremely important factor besides the policies of the management agency and factors of the domestic economic environment. Therefore, improving the quality of corporate governance is a must in the context of the stock market moving towards upgrading from a frontier market to an emerging market.

Ms. Ha Thu Thanh, Chairwoman of the Board of Directors, Vietnam Institute of Directors (VIOD) said: Corporate governance is the capacity and need of enterprises, and is a condition for enterprises to access new capital channels with reasonable costs and long-term investment in addition to the very strict capital sources from banks.

As a large enterprise listed on the stock exchange with good corporate governance, Chairman of the Board of Directors ofFPT Corporation Truong Gia Binh affirmed that in corporate governance, the role of the enterprise chairman is to guide, pioneer, comply with the highest requirements on governance, and is currently moving towards being a leader in ESG governance. The chairman also needs to inspire people to be interested in their work, spread a culture of creativity, and increase labor productivity.

Ms. Nguyen Thi Mai Thanh, Chairwoman of the Board of Directors of Refrigeration Electrical Engineering Corporation (REE), one of the first companies listed on the stock market, said that the Board of Directors also plays a role in supervising, selecting, recruiting people who fit the company culture and training them to develop.

Listed companies with a foundation of good corporate governance, beyond compliance, will be assets that attract the attention and investment of potential investors. Therefore, when the Vietnamese stock market is upgraded from a frontier market to an emerging market, welcoming more foreign investment capital, the first thing to do is to improve corporate governance practices and move towards corporate governance beyond compliance, sustainable development.

The conference brought many practical values, helping to raise awareness and corporate governance quality of listed enterprises, while contributing to bringing the Vietnamese stock market to new heights.

Source: https://nhandan.vn/nang-cao-chat-luong-quan-tri-cong-ty-cho-cac-doanh-nghiep-niem-yet-post817403.html