VietNamNet Bridge – Vo Truong Thanh, former president of Truong Thanh Furniture Group (TTF), and Tram Be, former deputy chair of Sacombank, have committed to compensate for losses incurred by their enterprises as a way to be responsible for their mismanagement.

The board of directors of TTF has submitted to shareholders a plan to fix the existing problems suggested by Vo Truong Thanh, former chair and CEO of TTF, and Vo Diep Van Tuan, Thanh’s son and former deputy CEO.Under the plan, Thanh and Tuan would compensate a part of the consequences caused by his poor management in cash or assets.

In exchange, Thanh and Tuan will be free of all responsibilities, including legal responsibility. TTF will work with Tan Lien Phat, the big shareholder which holds 30 percent of TTF shares, so that Tan Lien Phat waives its claim against Thanh and Tuan. Tiếp tục đọc “Businesses try to ease losses with private properties” →