of at least the following systems: (1) a system for governing, supervision, and risk management of the REIT’s investment, which support REIT manager to conform to the trust instrument and to protect
policy must be implemented and demonstrated. In essence, the board of directors has the duty to protect the interest of both the company and the shareholders, not take an unfair advantage by abusing their
ORGANIZATION OF SECURITIES COMMISSIONS REVISED MARCH 2015 A-2 CODE OF CONDUCT FUNDAMENTALS FOR CREDIT RATING AGENCIES INTRODUCTION In 1 The IOSCO CRA Principles were designed to be a useful tool for securities
information to the bondholders together with the opinions of the bondholder representative. The bondholders are, therefore, encouraged to thoroughly review the information and exercise their rights to protect
to thoroughly review the information and exercise their rights to protect their own interests. They should also make necessary inquiries to the bondholder representative to obtain complete information
companies and waiving the requirement to use the term “securities company” in the company’s title if the company has previously been engaged in other businesses. Additionally, in order to protect investors
rights in order to protect their interests. They should also study relevant information and ask questions to help them decide who is appropriate to be appointed as directors to avoid a deadlock in the