Cà Mau Urban Environment Company still lacks directors

The Cà Mau Urban Environment Company is facing significant operational challenges due to a prolonged lack of key leadership. The company has reported to the Cà Mau Provincial People's Committee that it cannot hold its 2026 annual general meeting because crucial personnel positions remain unfilled. The term of the state capital representative has ended, and no successor has been appointed, preventing the company from seeking approval for its annual meeting from its owner. This leadership vacuum has also stalled the process of electing new management for the upcoming term. For over a month, the company has been operating without a board of directors, leading to legal complexities and internal disputes regarding positions and benefits. While departments continue their functions under existing regulations and the board of directors provides temporary support, the absence of a legal representative and a full management team is causing difficulties. The company has extended the deadline for its annual general meeting to June 30, 2026, or until the necessary conditions are met. The board of directors stated that appointing new management is beyond their current authority. They are awaiting the appointment of a new state capital representative, who will then seek owner approval for personnel plans to be presented to the general meeting for the election of a new board and supervisory board. The company urges the provincial People's Committee to expedite the appointment of a state capital representative to ensure the company's stable operation and compliance with state capital management regulations.

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The company's management and operations are facing many difficulties, arising from legal issues and complex internal disputes related to positions and benefits that have not been resolved.