shareholders. The Thai IOD would like to thank the advisory members for their contributions and suggestions in preparing this valuable manual. Prof. Hiran Radeesri Chairman Thai Institute of Directors

the advisory members for their contributions and suggestions in preparing this valuable manual. Professor Hiran Radeesri Chairman Thai Institute of Directors Association ปจจุบัน องคกรตางๆ ทั้งในระดับ

expensive mutual funds that underperform), but still provides other valuable services that enable a client to achieve his or her goals. While this financial advisor may have failed from a pure alpha

Working Group and Industry Working Group for their time and valuable expertise that helped shape these Criteria. A full list of all TWG and IWG members can be found in Appendix 1 and on our website. https

Tinelli, Amanda Feldman,Belissa Rojas, Jennifer Flynn (editing) and Maja Bialon (graphic design). UNDP also thanks the many organizations who have contributed time and valuable input through the development

trust and, in turn, more effective dialogue. We have a valuable asset in our voice—and we should use it. What responsibilities do we have as investors? One of the most important is to use our voice to

others? We leave these questions for future research. 12 REFERENCES Barber, B. M., Odean, T., & Zheng, L. (2005). Out of sight, out of mind: The effects of expenses on mutual fund flows. The Journal of

’ over- sight system (mutual reliance) and increase the ability of Thai listed companies to raise funds in EU countries. • Asian Corporate Governance Association (ACGA) and CLSA Asia-Pacific Markets

capital market will be sufficient to provide valuable and quality services. Moreover, the leaders of the audit firms also prioritize the staff capacity building plan, resulting in the steady increase of

structure is appropriate and keep the structure under review. A lead independent director also provides shareholders and directors with a valuable channel of communication should they wish to discuss concerns