stakeholders. This type of information, when combined with financial information, can provide valuable insights to the overall quality of management which is a critical factor in the appraisal of a firm’s

SUBSIDIES SEC Classification : ใชภ้ายใน (Internal) ANALYST FOLLOWING • He & Tian (2013): Analysts make a firm forego valuable long-term investments to meet short-term targets. • Lee & Mo (2020): Earnings

entities, obligors, originators, underwriters, and arrangers, on one side, and users of credit ratings on the other. Rating analyses of low quality or produced through a process of questionable integrity are

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

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

quality or produced through a process of questionable integrity are either of little use to or misleading for market participants. Stale credit ratings that fail to reflect changes to the financial

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