Dependence on the Representative Director
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
- FY2025Expanded the scope of dependency to directors and executive officersAnnual report
「Our directors and executive officers play major roles in determining and implementing management policies and strategies in their respective areas of responsibility. To reduce excessive dependency, we are developing personnel in management and supervisory positions and delegating authority.」
The scope has been expanded from the former dependency on the representative director to dependency risk relating broadly to directors and executive officers, with the development of management and supervisory personnel and delegation of authority described as countermeasures. - FY2023RestatedAnnual report
「To reduce excessive dependency, we are developing management-level personnel and delegating authority. However, at present, if an unforeseen event makes it difficult for Chang Van Minh to remain involved in the management and execution of operations of our company, this could materially affect our group's business development and performance.」
Reconfirms the ongoing development of management-level personnel and delegation of authority as measures to reduce dependency on the representative director. - FY2022First statedAnnual report
「To reduce excessive dependency, we are currently developing management-level personnel and delegating authority. However, at present, if an unforeseen event makes it difficult for Chang Van Minh to remain involved in the management and execution of operations of our company, this could materially affect our group's business development and performance.」
Describes both the company's management dependency on the representative director and president and efforts to reduce that dependency by delegating authority.