. In view of paragraph 3.2.2(1)(a), a Recognized Representative: (i) is not required to be a full-time employee of the Licensed Firm; (ii) is not required to be attached to a Licensed firm in the Host

Commission; Other agencies, for example, Damrongtham Center, the Federation of Accounting Professions, the Digital Government Development Agency (public organization) (DGA) for the Integrity and Transparency

Insurance Commission; Other agencies, for example, Damrongtham Center, the Federation of Accounting Professions, the Digital Government Development Agency (Public Organization) (DGA) for Integrity and

in the similar manner as an ordinary person undertaking the like business under the similar circumstance. Any matter proven by the director or executive that, at the time of considering such matter

the top five corporate culture qualities identified by Guiso, Sapienza, and Zingales (2015): innovation, integrity, quality, respect, and teamwork. Using the resource dependency theory and agency theory

of market integrity and investor protection by raising professional work standards and capabilities of both entities and individuals involved with various functions of our capital market such as

the early stages and any developments in improved methodologies and data that can increase the climate integrity of future bond issuances. As a result, the Criteria are likely to be refined over time

Description Unit 2017 2016 2015 1. Liquidity ratio Time 7.59 8.29 1.58 2. Liquidity quick ratio Time 3.13 4.36 0.50 3. Average debt collection time Day 69 57 40 4. Average debt repayment time Day 71 64 63 5

efficiently use within appropriate time, including having security system sufficient to prevent an access or amendment of such information by non-responsible person. Clause 11. Derivatives broker shall arrange

derivatives business, both in document or electronic format, are accurate, complete, can be able to efficiently use within appropriate time, including having security system sufficient to prevent an access or