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Disclosure and transparency : an rrgent requirement for governing a local commercial bank in Vietnam | |
Author | Pham Tran Thu Ha |
Note | A project study submitted in partial fulfillment of the requirement for the degree of Master of Business Administration (Executive) in International Business – Management of Technology (VN), School of Management |
Publisher | Asian Institute of Technology |
Abstract | This paper provides an insight of corporate governance with particular focus on disclosure and transparency practice within a local public listed joint stock bank in Vietnam, which from my perspective, is an urgent requirement for building long-term accountability and trust with investors/shareholders. The approach is originated in the circumstances of complex business environment and regulatory changes to cope with manipulation and violation of many bankers. It examines the persistence of current practice and the effects of legal framework development regarding transparency and information disclosure of pubic listed banks in Vietnam. The discussion and findings reveal the fact that the current practice does not fully meet the expectation of the investors/shareholders because of major issues such as lack of awareness from the key members of the bank hence insufficient/minimal compliance of the requirements on transparency and information disclosure; lack of clarifications and modification for banking sector and inefficient monitoring mechanism from the regulators; and penalty and fines are not strong enough to prevent the market from violation and manipulation. The paper concludes with some recommendations of which stricter measures and enhancement of data process from the regulatory bodies are urged to ensure immediate, equal and consistent implementation of all market players |
Year | 2013 |
Type | Project |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Academic Program/FoS | Master of Business Administration (Executive) in International Business - Management of Technology (VN/BKK)) |
Chairperson(s) | Supasith Chonglerttham; |
Examination Committee(s) | Juthathip Jongwanich;Venkatesh, Sundar ; |