Corporate Governance Structure of a single member LLC owned by an organization

Hi DMS Attorney in Vietnam! We are considering to start a single member LLC owned by an organization. Could you advise me about the Corporate Governance Structure of a single member LLC owned by an organization ?

Hi!

Corporate Governance Structure of a single member LLC owned by an organization

A single member limited liability company owned by an organization shall be organized, managed and operated in either of the following models:

Chairman of the company, Director or General Director and Supervisors;

Board of members, Director or General Director and Supervisors.

If the charter of the company does not mention, the Chairman of the

Board of members or the Chairman of the company shall be the legal representative of the company.

Unless otherwise stipulated in the charter of the company, the functions, rights and obligations of the Board of members, the Chairman of the company, the Director or General Director and Supervisors shall be applied as stipulated in this Law (Article 78 Law on Enterprises No.68/2014/QH13 dated 11/26/2014).

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Set up 100% FDI company in Vietnam in the form of a single member LLC

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Corporate Governance Structure of a single member LLC owned by an organization