... AN ANALYSIS OF THE ROLE OF SUPERVISORY BOARDS IN STATE -OWNED JOINT- STOCK COMPANIES THE CASE OF VIETNAM CONSTRUCTION AND IMPORT-EXPORT JOINT- STOCK CORPORATION Public policy ... both the SB, the BOM and the CEO members are the agents of the State, but they tend to follow their various purposes rather than the interest of the shareholders, including the State and the minority ... increase the independence of the SB and enhance the technical competency of the SB members First, the independence of the SB members must be enhanced in terms of personnel, finance and duty Independent...