Educational Book JSC broadens board's authority, updates corporate charter

Educational Book JSC in Ho Chi Minh City has released an update to its corporate charter, effective October 27, 2025. This revision pertains specifically to Clause 1 of Article 22, which outlines the powers of the Board of Directors to seek shareholder approval for resolutions. Previously, the board could only solicit shareholder opinions via written ballot for resolutions deemed beneficial to the company, with exceptions as per Article 147, Clause 2 of the Enterprise Law.

Under the new draft charter, the board's authority to seek written shareholder approval has been significantly broadened. This now includes approval for amending and supplementing the company’s charter, approving internal governance regulations, setting the company’s development direction, and determining the types and total number of shares.

Further expansions to the board's powers encompass electing and dismissing board members, approving annual financial statements, and making decisions on asset investments or sales exceeding 35% of the total asset value reported in the most recent financial statement. The revised charter also grants the board the ability to approve restructuring, dissolution, changes in business sectors, and modifications to the company's organizational structure.