shareholders or top executives. It also revealed instances where some companies took advantage of unclear interpretation of accounting principles to dress up their financial statements. We cooperated with the
Annual Report 2009 1 Annual Report 20092 Over the past year, the Thai economy experienced a recession for the first time since the Asian economic crisis in 1997. The first quarter saw a 7.1 percent contraction as a result of sluggish export in the midst of global financial crisis, diminishing demand of domestic private sector, and lack of confidence in economic and political directions. All these factors played out against a backdrop of weakening economies of our trade partners worldwide, which...
once the Notes are admitted to trading on the Luxembourg Stock Exchange's regulated market. The Notes will not be rated. The Notes of each Series will initially be represented by a temporary global note
. Leadership from the top levels of government is necessary to pro- mote public confidence in the state‟s commitment to implementing the rule of law. 7 Corporate Governance in Asia (2010) 8 IOSCO, 2010