or conglomerate/business group-related often family owned. In both, interlocking corporate forms can serve to entrench control. State-ownership is prevalent in Asian economies. A number of them have
SEC plans to revise criteria on the delegation of other persons to operate a business on behalf of the operators of securities, investment management, and derivative contract business in order to
SEC plans to revise the criteria on the maintenance of the net capital (NC) of securities and derivatives business operator. SEC has, therefore, conducted a public hearing on this matter, in
. Furthermore, issuers will be given a longer period before this notification comes into effect. That is the new rules will apply to companies that file their filing forms from 1 April 2019. This will give
authorities. In particular, new emphasis is placed on the quality of supervision and enforcement. The chapter also includes a new principle on the role of stock markets in supporting good corporate governance
. He is now Chairman of the Executive Committee, Siam Piwat Co., Ltd. and Chairman of the Council of State Group 12. Mr. Chaiyawat Wibulswasdi Mr. Chaiyawat is a financial expert member of the Board. He
order for the capital market to effectively fulfill this role on a long-term basis, it is imperative that those who are stakeholders in the market have trust and confidence in its integrity. Towards that
Annual Report 2003 A N N U A L R E P O R T 2 0 0 3 S E C U R IT IE S A N D E X C H A N G E C O M M IS S IO N & O F F IC E O F T H E S E C U R IT IE S A N D E X C H A N G E C O M M IS S IO N , T H A
principles. Good corporate governance is a critical component in any capital market. Without it, market development would be a futile effort. Yet, most investors tended to overlook this corporate virtue over
is of the opinion that a securities clearing house or central securities depository exercises its right under Paragraph 1 in bad faith or without reasonable cause, the Capital Market Supervisory Board