appropriate trainings and experiences. Opportunity for career advancement The SEC’s past inspections suggested that some audit firms had difficulties implementing their succession plan due to their unbalanced
from 1.0 percent in 2019. Private consumption will likely remain subdued from the elevated household debt. Fiscal stimulus, an accommodative monetary stance and clarity in the government’s implementation
relating to Raising Capital of a Listed Company, mutatis mutandis, and [ii] the guidelines that the SEC Office has announced in detail to ensure clarity in practice (if any). In addition, the raising capital
institutional investors need clarity on the personal conflicts which individual members © International Corporate Governance Network (2013) 21 of their staff or governing bodies may face, and where relevant these
Office is empowered to issue the Notification relating to the counting of the shareholding of any person in the manner of indirect cross shareholding which affects the clarity in the shareholding structure
and there can be no assurance that those qualified employees will be available or attracted to the Group. The Group, like other businesses, is also facing increased difficulties in coordinating
some audit firms had difficulties implementing the succession plan due to their unbalanced human resource structure. This unbalanced structure 16 either from the shortage of senior staff or from the
members’ stakes to enhance efficiency, flexibility and clarity in handling the matter. In addition, the procedure for buying and selling securities of Board members were revised to reassure transparency and
strictly in line with the auditing standards for clarity of financial statements and investorsû benefit. 1.5 Promote transparency in the IPO shares allocation process by focusing on distribution to wider
kept its growth momentum from the previous quarter. However, it did not clearly show evidence of a broad-based recovery. Private investment, in particular, remained uncertain, pending greater clarity in