It is my great honour to have received trust and appointment from the Government as well as the leadership teams of the Ministry of Finance to take on the role as Chairman of the Board of Directors of EDL-Generation Public Company (“EDL-Gen” or the “Company”), to perform honourable duties and the most important responsibility with the leadership teams of EDL-Gen’s board of directors to lead the company into a new chapter with more challenges.
As a new Chairman of EDL-Gen’s Board of Directors, I would like to firstly congratulate and highly commend successful and remarkable outcomes of EDL-Gen in the past. Despite some adversities, the Company has shown resilience and perseverance to achieve successes as outlined in the Company’s 2022 Annual Report.
EDL-Gen became the first publicly listed company in the Lao Securities Exchange in 2010, which marked the importance placed by the Party and the Government on electrical power sector development to become a shared common mission that can be participated by the public, and is an implementation of the Party’s mission on principled reforms by turning a part of state-owned enterprises to become a public company operating under market mechanism with the state management.
Board of Directors is an essential part of the Company’s organization structure and represents shareholders in the Company’s governance, policy formulation and decision makings that are fundamental for the business operation according to relevant laws and regulations, or resolutions of shareholders meetings.
Therefore, to honour such appointment and valued trust from the Party and the Government, the public and domestic and foreign shareholders, I am determined to work closely with other esteemed members of the Board and executive management team to implement and perform our crucial roles and responsibilities according to principles stipulated in the Lao Securities Commission’s Decision on Board of Directors as follows: