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This publication is part of IFC's ongoing efforts to raise greater awareness of the merits of corporate governance. Ho Chi Minh City Securities Corp. and Mobile World Investment Corp. stand out as exemplary models of corporate governance, among portfolio companies managed by private equity investment firms in Vietnam. In ensuring absolute alignment of their interests with shareholders, the boards of these two companies instituted a series of measures such as management control, board effectiveness and high level of transparency that can serve as model templates for other companies to follow.