B.E 2509 regarding the operation, control, dissolution and the penalty provisions are applied, mutatis mutandis, to regulate the related associations. Trade Associations Act B.E 2509 Securities and
structure Important points Who are the majority shareholders that can control the votes? Is there a check and balance among the majority shareholders? Are there other securities that may cause dilution effect
training by IOD). The structure has check and balance system: Independent directors and the audit committee are independent pursuant to the rules. Independent directors are ≥ one-third of the total number
meeting. This would allow shareholders to take part in shareholder meetings more easily and promote the exercise of voting rights to control, monitor and participate in the decision making on important
SEC relies on the Check and Balance System whereby the Audit Committee and the Internal Audit Department are responsible for reviewing and giving recommendation to the SEC Board on the matters related
2017 > CG Code > Principle 6 Strengthen Effective Risk Management and Internal Control CG Thailand Overview CG and sustainable business development SEC Roles Related organizations Related
strategies, plans and targets. b) Ensuring robust system for risk management and internal control c) Clearly defining management’s responsibilities d) Overseeing appropriate policies and plans for resource
transactions with measures or control mechanisms of check and balance for fairness of the transactions; in case of transactions with conflicts of interest with the REITs, the unitholders should have been