with or whether adaptations have been made. If they choose not to comply or adapt, they are expected to thoroughly explain their reasons for not doing so. Firms have been requested to start disclosing

staff, as well as making it difficult to attract new talents. To improve the retention rate of high-potential employees, several audit firms started to adapt their strategy and policies concerning

develop their own frameworks for corporate governance. To remain competitive in a changing world, corporations must innovate and adapt their corporate governance practices so that they can meet new demands

" of the Securities and Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two

from the difference of Book Value Ratio (1 : 4.31 shares) and negotiated Exchange Ratio (1 : 5.5 shares) consideration. In this regard, the Company authorizes a director that has no conflict of interest

Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two languages, the Thai version shall prevail

+ F1 F2 F3 Very strong capacity for payment of financial commitments - a minimal difference compared With AAA AA+ AA AA- Aa1 Aa2 Aa3 AA+ AA AA- Strong capacity for payment of financial commitments - it

investments means the difference between the book value and fair value of investment, which is determined by the Accounting Standard to be reported in the shareholders’ equity. 25. Retained earning (deficit

(deficit) in investments means the difference between the book value and fair value of investment, which is determined by the Accounting Standard to be reported in the shareholders’ equity. (Translation) -20

book value of the asset. 24. Revaluation surplus (deficit) in investments means the difference between the book value and fair value of investment, which is determined by the Accounting Standard to be