Masan believes in improving the livelihoods of members of the communities where we have operations and partnering with local residents.
In 2018, we contributed over VND6,100 billion to the State budget, fulfilling our legal obligation as a private sector leader. In addition to being one of the largest tax payers in the provinces where we have operations, we have been working directly with local people to promote job creation and improve their quality of life. Simultaneously, we believe in giving back to the communities where we operate through sustainable initiatives that empower people who are experiencing a variety of challenges.
Masan Resources has conducted various health awareness programs on disease prevention, our clinical staff carried out healthcare services for 185 people who were affected by the chemical agent known as agent Orange within the surrounding community. We have also launched the blood donation campaign in 2018 with approximately 150 blood donors participating.
Education plays an important role in poverty reduction and Masan has been a consistent provider of scholarships and education programs. Towards this end, in 2018, we did the following activities.
With support from MSR, an open library was built to provide nice and friendly outdoor library for almost 500 students of Phuc Linh secondary school.
To that end, we have invested heavily on educational opportunities, construction of housing and infrastructure, vocational training, and mentoring.
In addition to oversight from our major institutional investors and the governance committees prescribed by Vietnam law, such as our Board of Directors, Supervisory Board and Management Board, we have the following committees to ensure higher governance standards:
Corporate Governance Committee - This committee is chaired by an independent member of our Board of Directors, and also includes our Legal Counsel and Group CFO. This committee periodically engages third parties to evaluate its governance practices to identify and monitor the company’s compliance with governance regulations and provide recommendations to improve Masan’s governance practices and policies.
Strategy & Development Committee - This committee is chaired by the Company’s Looking forward CEO and is comprised of the CEOs and other key executives of our subsidiaries, Group CFO, Group HR head, and Head of Strategy and Development. This committee develops and approves the short and longterm strategy and objectives of the various businesses and the overall Company, including setting key performance indicators and monitoring them.
Sustainability Committee – This committee reports to the Board of Directors and is comprised of the CEOs of Masan’s key subsidiaries other senior executives. The role of the committee is to review, make recommendations, and approve Masan’s goals, policies, and programs relating to its sustainability and environmental practices.