Case Study

Corporate governance at het: Scenes from a Vietnamese-foreign marriage (A)

8 pages
October 2008
Reference: IMD-3-2033

Markus Sailer was the nominee director for an Austrian bank; sitting on the board of Hanoi Energy Technology. The company was a joint venture between three partners: a Vietnamese investment fund with strong government links; a Singaporean commercial bank and the Austrian bank with a focus on sustainable investments. Markus becomes increasingly worried; when the chairman of HET takes over more power and takes decisions outside his authorities and outside the scope of the business. He wants to stop him; yet doesn’t know how exactly; in the specific political environment and uncertain support from his fellow foreign directors.

Learning Objective

Discuss corporate governance in an international setting and the possibilities to react to overly powerful and autocratic directors and chairmen.

Keywords
Corporate Governance, Board, Director, Nominee Director, Conflict, Chairman, Power Struggle, Joint Venture, Sustainable Investment, Politics, Energy
Settings
2007-2008
Type
Generalized Experience
Copyright
© 2008
Available Languages
English
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