HDBank receives Board of the Year award for best corporate governance practice

HO CHI MINH CITY, VIETNAM — 27 November 2023 – On November 22, throughout the Annual Forum on Corporate Governance in Hanoi, the Vietnam Institute of Directors (VIOD) introduced the Board of the Year Award to the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HDB).

Kim Byoungho, chairman of HDBank, speaks at a panel dialogue on “Unlocking Green Finance and Investment via Green Governance” as half of the Annual Forum on Corporate Governance in Hà Nội on November 22.

VIOD presents this award to acknowledge excellent accomplishments and concerted efforts by the Board of Directors of listed firms in numerous points of governance.

The award acknowledges HDBank’s pioneering efforts in adopting superior corporate governance requirements and selling transparency in enterprise operations, aligning with worldwide best practices.

The Vietnam Institute of Directors (VIOD) is knowledgeable group which promotes corporate governance requirements and best practices in the Vietnamese corporate sector. VIOD goals to advance board professionalism, promote enterprise ethics and transparency, create a pool of impartial administrators, construct a community to attach corporate leaders and stakeholders, and assist firms acquire investor confidence.

In March 2018, the Vietnam Corporate Governance Initiative (VCGI) fashioned VIOD with technical help from International Finance Corporation (IFC) and Swiss State Secretariat for Economic Affairs (SECO). VIOD intently collaborates and companions with State Securities Commission of Vietnam (SSC), Ho Chi Minh City Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX).

VIOD is presently an annual member of the Vietnam Listed Company Award (VLCA) Evaluation Board.

The award additional affirms HDBank’s leads to integrating surroundings, society and governance (ESG) requirements into its enterprise actions, aiming for sustainable growth and contributing to the inexperienced transformation and sustainable progress of the financial system.

In 2021, as a pioneer in internationalizing banking administration operations, HDBank has appointed overseas professional Mr. Kim Byoungho as the Chairman of the Board of Directors. Mr. Kim, with intensive expertise of governance and administration, reaching sustainable successes in main monetary establishments in South Korea and the area.

The present Board of Directors of HDBank consists of 7 members who’re finance specialists from each home and worldwide backgrounds, characterised by skilled ethics and a powerful dedication to the financial institution’s sustainable growth technique. The Board is dedicated to delivering the highest advantages to buyers, companions, clients, workers, and the broader group.