| dc.description.abstract | This research assesses the compliance of Bien Hoa Confectionery
Corporation (BIBICA) with the OECD Principles on Corporate Governance during the
period from 2002 to 2013. In this report, the researcher hopes to see the changing in the
corporate governance system after the big scandal in financial disclosure of BIBICA in
2002 until now. The estimation based on the Vietnam Corporate Governance Scorecard
by International Financial Corporation (IFC). The methodology of scorecard uses total
110 questions to inspect five of six principles of OECD Principles on Corporate
Governance, which is right of shareholders, equitable treatment of shareholders, role of
stakeholders, disclosure and transparency, and the responsibilities of the board. After
analysis, the result reveals that BIBICA does not have good performance on corporate
governance practice. However, BIBICA result is indicated the improvement and
development of corporate governance systems over the years. The weakest area of
BIBIC in corporate governance is disclosure and transparency, which is premise of
another weakness of the company. The next two lowest scores are the responsibilities
of the board and the role of stakeholders. The weakness and shortcoming of corporate
governance system of BIBICA is not only since company itself, but also since
regulations of Vietnam. To resolve this, Vietnam in general and BIBICA in particular
should improve their regulations and policies on disclosure and responsibilities of the
BOD in their job. The research hopes that it could have a part of construction good
corporate governance system for Vietnamese companies. | en_US |
