;s system for categorizing customers and offering debentures according to the customer classification, as well as its supervision were insufficiently stringent because CL did not inspect that the

's system for categorizing customers and offering debentures according to the customer classification, as well as its supervision were insufficiently stringent because CL did not inspect that the

, Wichai, as Chairman of the Board of Directors and both meetings, arranged for the election by means of cumulative voting despite knowing that such method was not allowed according to the company’s articles